Investing.com - RWE AG ST (DE:RWEG) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
RWE AG ST announced earnings per share of €0.5 on revenue of €4.78B. Analysts polled by Investing.com anticipated EPS of €0.78 on revenue of €3.34B.
RWE AG ST shares are down 3% from the beginning of the year and are trading at €30.670 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.89% from the start of the year.
RWE AG ST shares lost 0.10% in intra-day trade the report.
RWE AG ST follows other major Utilities sector earnings this month
RWE AG ST's report follows an earnings beat by E.ON SE on Tuesday, who reported EPS of €0.31 on revenue of €18.4B, compared to forecasts EPS of €0.27 on revenue of €18.16B.
Uniper SE had beat expectations on Friday with first quarter EPS of €2.24 on revenue of €21.16B, compared to forecast for EPS of €1.21 on revenue of €12.53B.
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