Investing.com - Mediaset reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mediaset announced earnings per share of €0.01 on revenue of €682.1M. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €682.15M. That with comparison to EPS of €0.03 on revenue of €718.2M in the same period a year before.Mediaset had reported EPS of €0.08 on revenue of €895.9M in the previous quarter.Analysts are expecting EPS of €-0.05 and revenue of €437.67M in the upcoming quarter.
Mediaset shares are down 35% from the beginning of the year and are trading at €1.716 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Mediaset follows other major Services sector earnings this month
Mediaset's report follows an earnings beat by Inwit on Monday, May 11, 2020, who reported EPS of €0.06 on revenue of €103M, compared to forecasts EPS of €0.05 on revenue of €99.48M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar