Investing.com - Pennon reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pennon announced earnings per share of £0.13 on revenue of £324.9M. Analysts polled by Investing.com anticipated EPS of £11.87 on revenue of £288.32M.
Pennon shares are up 14% from the beginning of the year and are trading at £1,090.00 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 12.97% from the start of the year.
Pennon follows other major Utilities sector earnings this month
Pennon's report follows an earnings missed by Severn Trent on Wednesday, May 19, 2021, who reported EPS of £0.46 on revenue of £939.6M, compared to forecasts EPS of £52.82 on revenue of £888.44M.
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