Iberdrola Earnings beat, Revenue misses In Q3

  • Investing.com
Iberdrola Earnings beat, Revenue misses In Q3

Investing.com - Iberdrola (MC: IBE ) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Iberdrola announced earnings per share of €0.1542 on revenue of €7.7B. Analysts polled by Investing.com anticipated EPS of €0.1535 on revenue of €7.81B.

Iberdrola shares are down 2% from the beginning of the year and are trading at €10.020 , down-from-52-week-high.They are under-performing the DAX which is up 14.44% from the start of the year.

Iberdrola shares gained 1.36% in intra-day trade the report.

Iberdrola follows other major Utilities sector earnings this month

Iberdrola's report follows an earnings missed by Enagas on Tuesday, who reported EPS of €0.3739 on revenue of €242M, compared to forecasts EPS of €0.4063 on revenue of €239.86M.

Solaria had missed expectations on Wednesday, September 29, 2021 with third quarter EPS of €0.0668 on revenue of €27.64M, compared to forecast for EPS of €0.0728 on revenue of €27.34M.

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