Investing.com - Severn Trent (LON:SVT) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Severn Trent announced earnings per share of £0.43 on revenue of £887.6M. Analysts polled by Investing.com anticipated EPS of £68.16 on revenue of £919.81M.
Severn Trent shares are down 2% from the beginning of the year, still down 9.79% from its 52 week high of £2,716.00 set on February 19. They are outperforming the STOXX 600 which is down 5.82% 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 18, who reported EPS of £0.68 on revenue of £2.82B, compared to forecasts EPS of £26.56 on revenue of £3,452M.
Pennon had missed expectations on Tuesday with second quarter EPS of £0.12 on revenue of £299.2M, compared to forecast for EPS of £29.94 on revenue of £727.49M.
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