6 days ago
- Business
- Wall Street Journal
E.ON Backs Guidance as Adjusted Earnings Rise
EOAN -0.44%decrease; red down pointing triangle backed its full-year guidance as adjusted earnings for the first half rose, boosted by higher investments.
The German utility said Wednesday that adjusted net profit—which strips out exceptional and other one-off items—rose 10% on the same period a year prior to 1.93 billion euros, equivalent to $2.25 billion. However, net profit tumbled nearly 60% to 969 million euros.
