Investing.com - Red Electrica reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Red Electrica announced earnings per share of €0.29 on revenue of €477.4M. Analysts polled by Investing.com anticipated EPS of €0.32 on revenue of €488.33M.
Red Electrica shares are down 5% from the beginning of the year and are trading at €16.940 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.63% from the start of the year.
Red Electrica follows other major Utilities sector earnings this month
Red Electrica's report follows an earnings missed by Iberdrola on Wednesday, July 22, 2020, who reported EPS of €0.09 on revenue of €7.04B, compared to forecasts EPS of €0.1 on revenue of €8.54B.
Endesa had missed expectations on Tuesday with second quarter EPS of €0.27 on revenue of €3.3B, compared to forecast for EPS of €0.38 on revenue of €4.14B.
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