Investing.com - SES reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SES announced earnings per share of €0.12 on revenue of €439M. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €431M.
SES shares are down 8% from the beginning of the year, still down 20.10% from its 52 week high of €8.82 set on November 16, 2020. They are under-performing the STOXX 600 which is up 17.38% from the start of the year.
SES shares gained 8.60% in intra-day trade following the report.
SES follows other major Communication Services sector earnings this month
SES's report follows an earnings matched by Vivendi on July 28, who reported EPS of €0.3315 on revenue of €4.32B, compared to forecasts EPS of €0.3315 on revenue of €4.09B.
Orange had missed expectations on July 28 with second quarter EPS of €-0.52 on revenue of €10.55B, compared to forecast for EPS of €0.15 on revenue of €10.4B.
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