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Freenet AG Earnings beat, Revenue misses In Q3

Published 2020-11-06, 01:49 a/m
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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.

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

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