Investing.com - Acciona reported on Friday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Acciona announced earnings per share of €0.55 on revenue of €1.56B. Analysts polled by Investing.com anticipated EPS of €0.55 on revenue of €1.46B.
Acciona shares are down 4% from the beginning of the year and are trading at €89.525 , down-from-52-week-high.They are outperforming the IBEX 35 which is down 28.09% from the start of the year.
Acciona shares lost 4.20% in intra-day trade following the report.
Acciona follows other major Utilities sector earnings this month
Acciona's report follows an earnings missed by Iberdrola on Wednesday, October 21, 2020, who reported EPS of €0.12 on revenue of €7.78B, compared to forecasts EPS of €0.14 on revenue of €6.59B.
Endesa had missed expectations on Wednesday with third quarter EPS of €0.36 on revenue of €3.73B, compared to forecast for EPS of €0.42 on revenue of €5.47B.
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