E.ON slightly beats forecasts as industrial business drives first-half profit

E.ON reported first-half core profit slightly ahead of estimates, supported by stronger performance in its division serving large industrial and municipal clients. The beat is modest, but it should help sentiment toward the grid operator’s near-term earnings outlook.

Analysis

E.ON reported first-half core profit slightly ahead of estimates, supported by stronger performance in its division serving large industrial and municipal clients. The beat is modest, but it should help sentiment toward the grid operator’s near-term earnings outlook.