Verbund First-Quarter Profit Rises 10%, Misses Analyst Estimates

Verbund AG (VER), Austria’s largest utility, said first-quarter net income rose 10 percent to 119.5 million euros from 108.5 million euros a year earlier.

It was expected to report a profit of 131.6 million euros, according to the average estimate of seven analysts surveyed by Bloomberg.

The company will provide an outlook for the full-year when it publishes first-half earnings, it said.

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net