Investing.com - EDP reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
EDP announced earnings per share of €-0.0192 on revenue of €5.5B. Analysts polled by Investing.com anticipated EPS of €0.0128 on revenue of €2,284M.
EDP shares are down 11% from the beginning of the year and are trading at €4.29 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.16% from the start of the year.
EDP follows other major Utilities sector earnings this month
EDP's report follows an earnings beat by EDP Renovaveis on Wednesday, who reported EPS of €0.07 on revenue of €569M, compared to forecasts EPS of €0.057 on revenue of €447.39M.
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