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, still down 24.30% from its 52 week high of €8.82 set on November 16, 2020. 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 April 22, 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 April 22 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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