Investing.com - EDP reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
EDP announced earnings per share of €0.03 on revenue of €2.88B. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €4.12B.
EDP shares are up 9% from the beginning of the year, still down 13.21% from its 52 week high of €4.87 set on February 19. They are outperforming the STOXX 600 which is down 17.86% from the start of the year.
EDP follows other major Utilities sector earnings this month
EDP's report follows an earnings missed by EDP Renovaveis on Thursday, who reported EPS of €0.07 on revenue of €346.35M, compared to forecasts EPS of €0.16 on revenue of €399.65M.
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