Investing.com - Centrais Eletricas Brasileiras ADR reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Centrais Eletricas Brasileiras ADR announced earnings per share of $0.1802 on revenue of $1.61B. Analysts polled by Investing.com anticipated EPS of $0.1787 on revenue of $1.59B.
Centrais Eletricas Brasileiras ADR shares are up 37.17% from the beginning of the year and are trading at $8.230 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Centrais Eletricas Brasileiras ADR follows other major Utilities sector earnings this month
Centrais Eletricas Brasileiras ADR's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Duke Energy had missed expectations on May 9 with first quarter EPS of $1.3 on revenue of $7.13B, compared to forecast for EPS of $1.33 on revenue of $6.37B.
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