Ceconomy earnings miss, Revenue beats in Q2

  • Investing.com
Ceconomy earnings miss, Revenue beats in Q2

Investing.com - Ceconomy reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Ceconomy announced earnings per share of €-0.82 on revenue of €11.45B. Analysts polled by Investing.com anticipated EPS of €0.08 on revenue of €3.55B. That with comparison to EPS of €0.07 on revenue of €5.02B in the same period a year before.Ceconomy had reported EPS of €0.43 on revenue of €6.82B in the previous quarter.Analysts are expecting EPS of €-0.32 and revenue of €2.98B in the upcoming quarter.

Ceconomy shares are down 39% from the beginning of the year and are trading at €2.028 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 21.56% year to date.

Ceconomy follows other major Services sector earnings this month

Ceconomy's report follows an earnings matched by Deutsche Telekom AG on Thursday, who reported EPS of €0.27 on revenue of €19.94B, compared to forecasts EPS of €0.27 on revenue of €20.09B.

Deutsche Post had missed expectations on Tuesday with first quarter EPS of €0.24 on revenue of €15.49B, compared to forecast for EPS of €0.39 on revenue of €15.4B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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