Investing.com - BT Group (LON:BT) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BT Group announced earnings per share of £0.12 on revenue of £5.63B. Analysts polled by Investing.com anticipated EPS of £0.06 on revenue of £5.65B. That with comparison to EPS of £0.06 on revenue of £5.85B in the same period a year before.BT Group had reported EPS of £0.04 on revenue of £5.78B in the previous quarter.Analysts are expecting EPS of £0.05 and revenue of £5,626M in the upcoming quarter.
BT Group shares are down 45.46% from the beginning of the year and are trading at £104.95 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 19.97% year to date.
BT Group follows other major Technology sector earnings this month
BT Group's report follows an earnings beat by Mail.ru Group on Thursday, April 23, 2020, who reported EPS of £0.14 on revenue of £300.16M, compared to forecasts EPS of £-0.09 on revenue of £296.32M.
IQE had missed expectations on Tuesday, April 28, 2020 with first quarter EPS of £-0.03 on revenue of £73.30M, compared to forecast for EPS of £0.21 on revenue of £82.39M.
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