Investing.com - REN reported on Friday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
REN announced earnings per share of €0.01 on revenue of €176M. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €181.39M.
REN shares are down 0% from the beginning of the year and are trading at €2.370 , down-from-52-week-high.They are under-performing the PSI 20 which is up 6.07% from the start of the year.
REN follows other major Utilities sector earnings this month
REN's report follows an earnings beat by EDP on Thursday, who reported EPS of €0.045 on revenue of €3.09B, compared to forecasts EPS of €0.0398 on revenue of €4.14B.
EDP Renovaveis had beat expectations on Thursday with first quarter EPS of €0.04 on revenue of €448M, compared to forecast for EPS of €0.0378 on revenue of €454.07M.
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