Companhia Estadual de Distribuição de Energia Elétrica Third Quarter 2023 Earnings: R$1.50 loss per share (vs R$0.13 loss in 3Q 2022)

Companhia Estadual de Distribuição de Energia Elétrica (BVMF:CEED3) Third Quarter 2023 Results

Key Financial Results

• Revenue: R$1.20b (down 1.9% from 3Q 2022).
• Net loss: R$102.1m (loss widened by R$93.4m from 3Q 2022).
• R$1.50 loss per share (further deteriorated from R$0.13 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Companhia Estadual de Distribuição de Energia Elétrica shares are down 19% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Companhia Estadual de Distribuição de Energia Elétrica that you should be aware of before investing here.

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