Investing.com - Sabesp ADR reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sabesp ADR announced earnings per share of 0.2231 on revenue of 875.73M. Analysts polled by Investing.com anticipated EPS of 0.2078 on revenue of 836.76M.
Sabesp ADR shares are down 18.72% from the beginning of the year, still down 22.82% from its 52 week high of 11.22 set on April 5. They are under-performing the Nifty 50 which is down 5.43% from the start of the year.
Sabesp ADR follows other major Utilities sector earnings this month
Sabesp ADR's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of 0.74 on revenue of 2.89B, compared to forecasts EPS of 0.7142 on revenue of 5.19B.
Southern had beat expectations on April 28 with first quarter EPS of 0.97 on revenue of 6.65B, compared to forecast for EPS of 0.9069 on revenue of 6B.
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