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Freenet AG Earnings beat, Revenue misses In Q1

Published 2022-05-13, 12:56 a/m

Investing.com - Freenet AG reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Freenet AG announced earnings per share of €0.19 on revenue of €616.8M. Analysts polled by Investing.com anticipated EPS of €0.0258 on revenue of €629.21M.

Freenet AG shares are down 6% from the beginning of the year and are trading at €21.940 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 13% from the start of the year.

Freenet AG follows other major Communication Services sector earnings this month

Freenet AG's report follows an earnings beat by United Internet AG on Thursday, who reported EPS of €0.65 on revenue of €1.44B, compared to forecasts EPS of €0.5111 on revenue of €1.45B.

Scout24 AG had missed expectations on Tuesday, May 3, 2022 with first quarter EPS of €0.25 on revenue of €107.9M, compared to forecast for EPS of €0.32 on revenue of €105.25M.

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

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