RWE AG ST Earnings beat, Revenue misses In Q1

  • Investing.com
RWE AG ST Earnings beat, Revenue misses In Q1
Credit: © Reuters.

Investing.com - RWE AG ST (DE: RWEG ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

RWE AG ST announced earnings per share of €1.14 on revenue of €3.80B. Analysts polled by Investing.com anticipated EPS of €0.59 on revenue of €18.51B. That with comparison to EPS of €0.52 on revenue of €3.91B in the same period a year before.RWE AG ST had reported EPS of €0.5 on revenue of €32.8B in the previous quarter.Analysts are expecting EPS of €1.39 and revenue of €1.85B in the upcoming quarter.

RWE AG ST shares are down 39% from the beginning of the year and are trading at €26.790 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 21.56% year to date.

RWE AG ST follows other major Utilities sector earnings this month

RWE AG ST's report follows an earnings missed by Innogy on Monday, who reported EPS of €0.28 on revenue of €9.55B, compared to forecasts EPS of €0.77 on revenue of €11.71B.

E.ON SE had missed expectations on Tuesday with first quarter EPS of €0.29 on revenue of €17.67B, compared to forecast for EPS of €0.52 on revenue of €11.42B.

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

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100