Investing.com - Acciona reported on Friday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Acciona announced earnings per share of €0.55 on revenue of €1.56B. Analysts polled by Investing.com anticipated EPS of €0.55 on revenue of €1.46B.
Acciona shares are down 4% from the beginning of the year, still down 29.34% from its 52 week high of €126.70 set on March 4. They are outperforming the IBEX 35 which is down 28.09% from the start of the year.
Acciona shares lost 4.20% in intra-day trade following the report.
Acciona follows other major Utilities sector earnings this month
Acciona's report follows an earnings missed by Iberdrola on October 21, who reported EPS of €0.12 on revenue of €7.78B, compared to forecasts EPS of €0.14 on revenue of €6.59B.
Endesa had missed expectations on Wednesday with third quarter EPS of €0.36 on revenue of €3.73B, compared to forecast for EPS of €0.42 on revenue of €5.47B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar