Investing.com - RWE AG ST (DE:RWEG) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
RWE AG (OTC:RWEOY) ST announced earnings per share of €2.03 on revenue of €4.86B. Analysts polled by Investing.com anticipated EPS of €0.0407 on revenue of €3.05B.
RWE AG ST shares are down 4% from the beginning of the year, still down 14.81% from its 52 week high of €38.65 set on January 8. They are under-performing the S&P Global 100 which is up 19.97% from the start of the year.
RWE AG ST shares gained 1.06% 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 beat by E.ON SE on Wednesday, who reported EPS of €0.47 on revenue of €15.05B, compared to forecasts EPS of €0.08 on revenue of €17.08B.
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