Investing.com - Iberdrola (OTC:IBDRY) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Iberdrola announced earnings per share of €0.154 on revenue of €10.09B. Analysts polled by Investing.com anticipated EPS of €0.2065 on revenue of €10.75B.
Iberdrola shares are down 4% from the beginning of the year, still down 10.35% from its 52 week high of €12.44 set on January 8. They are under-performing the STOXX 600 which is up 9.75% from the start of the year.
Iberdrola follows other major Utilities sector earnings this month
Iberdrola's report follows an earnings beat by Endesa on May 5, who reported EPS of €0.46 on revenue of €4.99B, compared to forecasts EPS of €0.4523 on revenue of €5.03B.
Naturgy Energy had beat expectations on April 28 with first quarter EPS of €0.33 on revenue of €4.68B, compared to forecast for EPS of €0.3006 on revenue of €5.25B.
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