Investing.com - SES reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SES announced earnings per share of €0.12 on revenue of €462M. Analysts polled by Investing.com anticipated EPS of €0.07 on revenue of €480.2M.
SES shares are down 39% from the beginning of the year, still down 56.81% from its 52 week high of €17.39 set on November 5, 2019. They are under-performing the STOXX 600 which is down 12.01% from the start of the year.
SES shares gained 5.42% 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 October 20, who reported EPS of €0.22 on revenue of €4.02B, compared to forecasts EPS of €0.22 on revenue of €3.93B.
Orange had missed expectations on October 29 with third quarter EPS of €0.39 on revenue of €10.58B, compared to forecast for EPS of €0.4 on revenue of €10.52B.
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