Iberdrola (OTC:IBDRY) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Iberdrola announced earnings per share of €0.2 on revenue of €9.43B. Analysts polled by anticipated EPS of €0.17 on revenue of €10.83B. That with comparison to EPS of €0.15 on revenue of €10.14B in the same period a year before. Iberdrola had reported EPS of €0.14 on revenue of €9.98B in the previous quarter. Analysts are expecting EPS of €0.12 and revenue of €10.25B in the upcoming quarter.
Iberdrola shares are up 3% from the beginning of the year , still down 17.47% from its 52 week high of €11.35 set on February 19. They are outperforming the IBEX 35 which is down 26.69% year to date.
Iberdrola follows other major Utilities sector earnings this month
Iberdrola's report follows an earnings missed by Red Electrica on Wednesday, who reported EPS of €0.32 on revenue of €500.5M, compared to forecasts EPS of €0.35 on revenue of €503.95M.
Enagas had matched expectations on April 21 with first quarter EPS of €0.43 on revenue of €283.3M (NYSE:MMM), compared to forecast for EPS of €0.43 on revenue of €284.28M.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
