Investing.com - SES reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SES announced earnings per share of €0.02 on revenue of €451M. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €445.85M.
SES shares are down 24% from the beginning of the year and are trading at €7.10 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.82% from the start of the year.
SES shares lost 8.48% in intra-day trade after the report.
SES follows other major Communication Services sector earnings this month
SES's report follows an earnings beat by Orange on Thursday, July 28, 2022, who reported EPS of €0.23 on revenue of €10.72B, compared to forecasts EPS of €0.21 on revenue of €10.73B.
Publicis Groupe had missed expectations on Thursday, July 21, 2022 with second quarter EPS of €2.13 on revenue of €3.07B, compared to forecast for EPS of €2.37 on revenue of €2.85B.
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