Investing.com - Pennon reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pennon announced earnings per share of £0.11 on revenue of £403.0M. Analysts polled by Investing.com anticipated EPS of £24.68 on revenue of £388.18M.
Pennon shares are down 14% from the beginning of the year, still down 25.02% from its 52 week high of £1,335.00 set on August 17, 2021. They are under-performing the STOXX 600 which is down 9.11% from the start of the year.
Pennon follows other major Utilities sector earnings this month
Pennon's report follows an earnings missed by SSE on May 25, who reported EPS of £1.38 on revenue of £5.06B, compared to forecasts EPS of £73.45 on revenue of £5,857M.
GAIL Ltd UK had beat expectations on Friday with first quarter EPS of £0.4641 on revenue of £3.48B, compared to forecast for EPS of £0.4104 on revenue of £3.46B.
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