Investing.com - Orange reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Orange announced earnings per share of €0.35 on revenue of €20.77B. Analysts polled by Investing.com anticipated EPS of €0.2 on revenue of €10.3B.
Orange shares are down 24% from the beginning of the year and are trading at €9.96 , down-from-52-week-high.They are under-performing the CAC 40 which is down 18.82% from the start of the year.
Orange follows other major Services sector earnings this month
Orange's report follows an earnings missed by Kering on Tuesday, who reported EPS of €2.25 on revenue of €2.18B, compared to forecasts EPS of €14.54 on revenue of €2.43B.
Carrefour had missed expectations on Tuesday with second quarter EPS of €-0.03 on revenue of €18.71B, compared to forecast for EPS of €0.30 on revenue of €18.42B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar