Investing.com - Eutelsat reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eutelsat announced earnings per share of €1.28 on revenue of €319.6M. Analysts polled by Investing.com anticipated EPS of €0.88 on revenue of €309M.
Eutelsat shares are up 9% from the beginning of the year and are trading at €8.57 , down-from-52-week-high.They are outperforming the TR UK 50 which is down 21% from the start of the year.
Eutelsat follows other major Services sector earnings this month
Eutelsat's report follows an earnings missed by Kering on Tuesday, who reported EPS of €2.25 on revenue of €2.18B, compared to forecasts EPS of €14.54 on revenue of €2.43B.
Vivendi had beat expectations on Wednesday with second quarter EPS of €0.28 on revenue of €3.71B, compared to forecast for EPS of €0.25 on revenue of €7,416M.
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