Investing.com - Hub Power Company reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Hub Power Company announced earnings per share of 5.41 on revenue of 32.11B. Analysts polled by Investing.com anticipated EPS of 6.58 on revenue of 30.67B.
Hub Power Company shares are down 6% from the beginning of the year, still down 20.23% from its 52 week high of 82.75 set on January 11. They are under-performing the KLCI which is down 4.83% from the start of the year.
Hub Power Company shares lost 100.00% in pre-market trade following the report.
Hub Power Company follows other major Utilities sector earnings this month
Hub Power Company's report follows an earnings missed by Nishat Power on Wednesday, who reported EPS of 1.47 on revenue of 9.38B, compared to forecasts EPS of 3.02 on revenue of 9.24B.
Nishat Chunian Power had missed expectations on Wednesday with fourth quarter EPS of 1.63 on revenue of 9.85B, compared to forecast for EPS of 1.91 on revenue of 9.61B.
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