Investing.com - Engie reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Engie announced earnings per share of €0.4875 on revenue of €25.6B. Analysts polled by Investing.com anticipated EPS of €0.4775 on revenue of €14.28B.
Engie shares are down 5% from the beginning of the year and are trading at €12.25 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.01% from the start of the year.
Engie follows other major Utilities sector earnings this month
Engie's report follows an earnings matched by Veolia Environnement on Thursday, May 12, 2022, who reported EPS of €0.43 on revenue of €9.94B, compared to forecasts EPS of €0.43 on revenue of €9.54B.
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