Investing.com - Indian Energy Exchange reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Indian Energy Exchange announced earnings per share of ₹0.79 on revenue of ₹952.00. Analysts polled by Investing.com anticipated EPS of ₹0.79 on revenue of ₹965.71M.
Indian Energy Exchange shares are down 45.98% from the beginning of the year, still down 55.05% from its 52 week high of ₹303.80 set on December 10, 2021.
Indian Energy Exchange shares lost 2.95% in intra-day trade following the report.
Indian Energy Exchange follows other major Financial sector earnings this month
Indian Energy Exchange's report follows an earnings beat by Bajaj Finance on Thursday, who reported EPS of ₹45.81 on revenue of ₹99.68B, compared to forecasts EPS of ₹43.84 on revenue of ₹70.21B.
ICICI Prudential Life Insurance had missed expectations on Tuesday with second quarter EPS of ₹1.39 on revenue of ₹95.85B, compared to forecast for EPS of ₹2.8 on revenue of ₹105B.
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