Investing.com - Sabesp ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sabesp ADR announced earnings per share of 0.1833 on revenue of 780.31M. Analysts polled by Investing.com anticipated EPS of 0.2118 on revenue of 827.38M.
Sabesp ADR shares are up 20.98% from the beginning of the year, still down 20.86% from its 52 week high of 11.22 set on April 5. They are outperforming the EUR/USD which is down 0% 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 July 22, who reported EPS of 0.81 on revenue of 5.18B, compared to forecasts EPS of 0.7598 on revenue of 5.35B.
Duke Energy had beat expectations on August 4 with second quarter EPS of 1.14 on revenue of 6.69B, compared to forecast for EPS of 1.07 on revenue of 5.9B.
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