Iberdrola Earnings miss, Revenue beats In Q1

  • Investing.com
Iberdrola Earnings miss, Revenue beats In Q1

Investing.com - Iberdrola (BME: IBE ) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Iberdrola announced earnings per share of €0.158 on revenue of €12.15B. Analysts polled by Investing.com anticipated EPS of €0.1776 on revenue of €10.24B.

Iberdrola shares are up 3% from the beginning of the year and are trading at €10.755 , down-from-52-week-high.They are outperforming the IBEX 35 which is down 2.71% from the start of the year.

Iberdrola follows other major Utilities sector earnings this month

Iberdrola's report follows an earnings beat by Red Electrica on Wednesday, who reported EPS of €0.3288 on revenue of €500.5M, compared to forecasts EPS of €0.3165 on revenue of €476.67M.

Enagas had beat expectations on Tuesday with first quarter EPS of €0.3716 on revenue of €233.9M, compared to forecast for EPS of €0.3679 on revenue of €220.43M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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