Investing.com - Veolia Environnement (OTC:VEOEY) reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Veolia Environnement announced earnings per share of €0.25 on revenue of €6.55B. Analysts polled by Investing.com anticipated EPS of €0.25 on revenue of €6.59B.
Veolia Environnement shares are up 25.6% from the beginning of the year, still down 0.07% from its 52 week high of €27.90 set on July 29. They are outperforming the FTSE 100 which is up 9.69% from the start of the year.
Veolia Environnement shares gained 2.69% in intra-day trade following the report.
Veolia Environnement follows other major Utilities sector earnings this month
Veolia Environnement's report follows an earnings beat by Suez on Wednesday, who reported EPS of €0.21 on revenue of €4.32B, compared to forecasts EPS of €0.2 on revenue of €4.32B.
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