Iberdrola Quarterly Profit Falls 15 Percent to 1.71 Billion
Europe's largest utility posted a first-quarter net profit of 1.71 billion euros today. The results met analyst expectations despite a 15 percent nominal drop.
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Iberdrola posted a first-quarter net profit of €1.71 billion ($2.00 billion), a 15% decline from a year earlier in nominal terms. The result matched the €1.72 billion median estimate from analysts polled by LSEG. Investors are tracking how Europe's largest utility balances falling nominal profits against a 1.6% increase in electricity output.
