Iberdrola First Half Earnings Meet Estimates as Hydro Recovers
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Spanish renewable energy giant Iberdrola SA reported first-half earnings that met analyst estimates, driven by the recovery of hydropower output in Spain and continued support from its generation and customer business.
Earnings before interest, taxes, depreciation and amortization rose to €7.6 billion ($8.4 billion) in the first half, the Bilbao-based utility said Thursday. That compares with a €7.55 billion average estimate by five analysts surveyed by Bloomberg.