SES earnings miss, Revenue beats in Q2

  • Investing.com
SES earnings miss, Revenue beats in Q2
Credit: © Reuters.

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 up 1% from the beginning of the year and are trading at €7.10 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 9.75% year to date.

SES shares lost 8.48% in intra-day trade 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.

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

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