Investing.com - Enagas reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Enagas announced earnings per share of €0.4059 on revenue of €246M. Analysts polled by Investing.com anticipated EPS of €0.4068 on revenue of €240.18M.
Enagas shares are up 5% from the beginning of the year, still down 13.96% from its 52 week high of €22.07 set on July 29, 2020. They are under-performing the IBEX 35 which is up 7.47% from the start of the year.
Enagas shares gained 1.03% in intra-day trade following the report.
Enagas follows other major Utilities sector earnings this month
Enagas's report follows an earnings beat by Iberdrola on July 21, who reported EPS of €0.08 on revenue of €8.66B, compared to forecasts EPS of €0.0797 on revenue of €8.15B.
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