Investing.com - Hawaiian Electric Industries reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Hawaiian Electric Industries announced earnings per share of $0.57 on revenue of $1.04B. Analysts polled by Investing.com anticipated EPS of $0.58 on revenue of $699.96M.
Hawaiian Electric Industries shares are down 28% from the beginning of the year and are trading at $37.07 , down-from-52-week-high.
Hawaiian Electric Industries shares lost 2.16% in intra-day trade following the report.
Hawaiian Electric Industries follows other major Utilities sector earnings this month
Hawaiian Electric Industries's report follows an earnings beat by NextEra Energy on Friday, October 28, 2022, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on Friday with third quarter EPS of $1.78 on revenue of $7.97B, compared to forecast for EPS of $1.84 on revenue of $7,388M.
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