Engie posts first quarter earnings in line with expectations

Engie said first-quarter earnings fell, but the result met expectations. Warmer weather reduced French gas sales and deliveries, creating a modest headwind to operating performance. The update is largely in line with forecasts and appears to be a limited near-term market mover.

Analysis

Engie said first-quarter earnings fell, but the result met expectations. Warmer weather reduced French gas sales and deliveries, creating a modest headwind to operating performance. The update is largely in line with forecasts and appears to be a limited near-term market mover.