Investing.com - Severn Trent (LON:SVT) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Severn Trent announced earnings per share of £-0.73 on revenue of £958.2M. Analysts polled by Investing.com anticipated EPS of £49.79 on revenue of £897.71M.
Severn Trent shares are up 22% from the beginning of the year, still down 5.91% from its 52 week high of £2,976.00 set on November 4. They are outperforming the FTSE 100 which is up 12.82% from the start of the year.
Severn Trent follows other major Utilities sector earnings this month
Severn Trent's report follows an earnings missed by SSE on November 17, who reported EPS of £1.03 on revenue of £3.54B, compared to forecasts EPS of £11.80 on revenue of £2,899M.
GAIL Ltd UK had beat expectations on October 29 with third quarter EPS of £0.5128 on revenue of £2.87B, compared to forecast for EPS of £0.5117 on revenue of £2.87B.
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