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Freenet AG Earnings beat, Revenue misses In Q1

Published 2022-03-26, 12:07 a/m
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Investing.com - Freenet AG reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Freenet AG announced earnings per share of €0.50 on revenue of €675.5M. Analysts polled by Investing.com anticipated EPS of €0.4936 on revenue of €689.23M.

Freenet AG shares are up 2% from the beginning of the year and are trading at €23.770 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 7.02% from the start of the year.

Freenet AG follows other major Communication Services sector earnings this month

Freenet AG's report follows an earnings missed by United Internet AG on Friday, March 18, 2022, who reported EPS of €0.42 on revenue of €1.48B, compared to forecasts EPS of €0.4797 on revenue of €1.44B.

CTS Eventim AG had beat expectations on Thursday with first quarter EPS of €0.59 on revenue of €227.82M, compared to forecast for EPS of €0.0509 on revenue of €107.6M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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