Investing.com - Tenaga Nasional reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Tenaga Nasional announced earnings per share of 0.15 on revenue of 19.14B. Analysts polled by Investing.com anticipated EPS of 0.1711 on revenue of 15,316M.
Tenaga Nasional shares are down 57% from the beginning of the year, still down 16.38% from its 52 week high of 10.44 set on September 2, 2021. They are under-performing the Nasdaq which is down 24.67% from the start of the year.
Tenaga Nasional shares lost 0.34% in intra-day trade following the report.
Tenaga Nasional follows other major Utilities sector earnings this month
Tenaga Nasional's report follows an earnings missed by YTL Power Int on August 25, who reported EPS of 0.0233 on revenue of 4.53B, compared to forecasts EPS of 0.03 on revenue of 4.53B.
Gas Malaysia had beat expectations on August 18 with second quarter EPS of 0.0838 on revenue of 1.78B, compared to forecast for EPS of 0.082 on revenue of 1.78B.
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