E.ON Posts Q1 Results

E.ON AG

reported in-line first-quarter results. Its quarterly net profit fell to EUR1.72 billion, from EUR2.27 billion in the year-ago period. Its underlying after-tax profit climbed 26.5% y/y to EUR1.67 billion, from EUR1.32 billion, and versus analysts' estimates of EUR1.69 billion. Earnings before interest, taxes, depreciation and amortization rose to EUR3.77 billion, from EUR3.47 billion, and versus analysts' estimates of EUR3.79 billion. Revenue climbed to EUR35.73 billion, from EUR27.85 billion, and versus analysts' estimates of EUR27.89 billion. E.ON shares closed at $20.43 yesterday.