Investing.com - Freenet AG reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Freenet AG announced earnings per share of €0.48 on revenue of €634.5M. Analysts polled by Investing.com anticipated EPS of €0.46 on revenue of €802.5M.
Freenet AG shares are down 51% from the beginning of the year and are trading at €16.310 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.72% from the start of the year.
Freenet AG shares lost 100.00% in pre-market trade following the report.
Freenet AG follows other major Services sector earnings this month
Freenet AG's report follows an earnings matched by Vonovia on Wednesday, who reported EPS of €0.58 on revenue of €573.35M, compared to forecasts EPS of €0.58 on revenue of €567.35M.
Zalando SE had beat expectations on Wednesday with third quarter EPS of €0.23 on revenue of €1.85B, compared to forecast for EPS of €0.14 on revenue of €1.85B.
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