Investing.com - Dominion Energy reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Dominion Energy announced earnings per share of $1.09 on revenue of $4.50B. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $4.72B. That with comparison to EPS of $1.1 on revenue of $3.86B in the same period a year before.Dominion Energy had reported EPS of $1.18 on revenue of $4.48B in the previous quarter.Analysts are expecting EPS of $0.92 and revenue of $4.3B in the upcoming quarter.
Dominion Energy shares are down 8.48% from the beginning of the year and are trading at $75.80 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.39% year to date.
Dominion Energy follows other major Utilities sector earnings this month
Dominion Energy's report follows an earnings beat by NextEra Energy on April 22, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Southern had beat expectations on Thursday with first quarter EPS of $0.78 on revenue of $5.02B, compared to forecast for EPS of $0.71 on revenue of $5.47B.
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