Investing.com - RWE AG ST (ETR:RWEG) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
RWE AG (OTC:RWEOY) ST announced earnings per share of €1.09 on revenue of €8B. Analysts polled by Investing.com anticipated EPS of €0.54 on revenue of €2.75B.
RWE AG ST shares are down 29% from the beginning of the year, still down 6.05% from its 52 week high of €41.83 set on February 28. They are under-performing the DAX which is down 14.85% from the start of the year.
RWE AG ST shares lost 2.72% in intra-day trade following the report.
RWE AG ST follows other major Utilities sector earnings this month
RWE AG ST's report follows an earnings matched by Uniper SE on May 3, who reported EPS of €0.7101 on revenue of €4.52B, compared to forecasts EPS of €0.7101 on revenue of €4.52B.
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