Investing.com - SES reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SES announced earnings per share of €0.05 on revenue of €467.9M. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €456.6M.
SES shares are down 51% from the beginning of the year and are trading at €6.10 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.04% from the start of the year.
SES shares lost 2.05% in intra-day trade after the report.
SES follows other major Services sector earnings this month
SES's report follows an earnings missed by Kering on Tuesday, July 28, 2020, who reported EPS of €2.25 on revenue of €2.18B, compared to forecasts EPS of €14.54 on revenue of €2.22B.
Vivendi had beat expectations on Wednesday, July 29, 2020 with second quarter EPS of €0.28 on revenue of €3.71B, compared to forecast for EPS of €0.25 on revenue of €3.63B.
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