Investing.com - SES reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SES announced earnings per share of €0.12 on revenue of €462M. Analysts polled by Investing.com anticipated EPS of €0.07 on revenue of €480.2M.
SES shares are down 39% from the beginning of the year and are trading at €7.53 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.98% from the start of the year.
SES shares gained 5.70% in intra-day trade after the report.
SES follows other major Services sector earnings this month
SES's report follows an earnings matched by Vivendi on Tuesday, October 20, 2020, who reported EPS of €0.22 on revenue of €4.02B, compared to forecasts EPS of €0.22 on revenue of €3.93B.
Orange had missed expectations on Thursday, October 29, 2020 with third quarter EPS of €0.39 on revenue of €10.58B, compared to forecast for EPS of €0.4 on revenue of €10.52B.
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