Investing.com - Freenet AG reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Freenet AG announced earnings per share of €0.4 on revenue of €619.2M. Analysts polled by Investing.com anticipated EPS of €0.4568 on revenue of €627.28M.
Freenet AG shares are up 19% from the beginning of the year and are trading at €20.515 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.65% from the start of the year.
Freenet AG shares lost 100.00% in pre-market trade the report.
Freenet AG follows other major Services sector earnings this month
Freenet AG's report follows an earnings beat by Deutsche Post on Wednesday, who reported EPS of €0.94 on revenue of €18.86B, compared to forecasts EPS of €0.8756 on revenue of €17.82B.
Vonovia had beat expectations on Tuesday with first quarter EPS of €0.5849 on revenue of €581.95M, compared to forecast for EPS of €0.5752 on revenue of €593.79M.
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