Investing.com - SES reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SES announced earnings per share of €0.13 on revenue of €436M. Analysts polled by Investing.com anticipated EPS of €0.065 on revenue of €431.7M.
SES shares are up 39% from the beginning of the year and are trading at €6.68 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 12.14% from the start of the year.
SES shares gained 9.79% in intra-day trade following the report.
SES follows other major Services sector earnings this month
SES's report follows an earnings matched by Vivendi on Thursday, April 22, 2021, who reported EPS of €0.3294 on revenue of €3.9B, compared to forecasts EPS of €0.3294 on revenue of €3.91B.
Orange had missed expectations on Thursday, April 22, 2021 with first quarter EPS of €0.15 on revenue of €10.32B, compared to forecast for EPS of €0.16 on revenue of €10.3B.
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