Investing.com - RWE AG ST (DE:RWEG) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
RWE AG (OTC:RWEOY) ST announced earnings per share of €0.63 on revenue of €2.92B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €3.74B.
RWE AG ST shares are up 3% from the beginning of the year, still down 2.51% from its 52 week high of €35.26 set on November 9. They are outperforming the Euro Stoxx 50 which is down 8.46% from the start of the year.
RWE AG ST follows other major Utilities sector earnings this month
RWE AG ST's report follows an earnings missed by E.ON SE on Wednesday, who reported EPS of €0.05 on revenue of €12.81B, compared to forecasts EPS of €0.1 on revenue of €13.78B.
Uniper SE had missed expectations on Tuesday with third quarter EPS of €-0.34 on revenue of €10.85B, compared to forecast for EPS of €-0.06 on revenue of €14.25B.
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