Investing.com - Naturgy Energy reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Naturgy Energy announced earnings per share of €0.36 on revenue of €5.09B. Analysts polled by Investing.com anticipated EPS of €0.3581 on revenue of €4.75B.
Naturgy Energy shares are down 10% from the beginning of the year, still down 14.12% from its 52 week high of €29.96 set on January 17. They are outperforming the STOXX 600 which is down 11.89% from the start of the year.
Naturgy Energy follows other major Utilities sector earnings this month
Naturgy Energy's report follows an earnings missed by Iberdrola on April 27, who reported EPS of €0.158 on revenue of €12.15B, compared to forecasts EPS of €0.1666 on revenue of €12.15B.
Red Electrica had beat expectations on April 27 with first quarter EPS of €0.3288 on revenue of €500.5M, compared to forecast for EPS of €0.3199 on revenue of €492.42M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar