Investing.com - Deutsche Post (DE:DPWGn) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Deutsche Post announced earnings per share of €0.24 on revenue of €15.49B. Analysts polled by Investing.com anticipated EPS of €0.39 on revenue of €15.4B. That with comparison to EPS of €0.6 on revenue of €15.35B in the same period a year before.Deutsche Post had reported EPS of €0.7 on revenue of €16.96B in the previous quarter.Analysts are expecting EPS of €0.42 and revenue of €14.85B in the upcoming quarter.
Deutsche Post shares are down 18% from the beginning of the year and are trading at €27.705 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is down 18.23% year to date.
Deutsche Post follows other major Services sector earnings this month
Deutsche Post's report follows an earnings matched by Vonovia on May 5, who reported EPS of €0.6 on revenue of €564M, compared to forecasts EPS of €0.6 on revenue of €556.78M.
Zalando SE had missed expectations on May 7 with first quarter EPS of €-0.35 on revenue of €1.52B, compared to forecast for EPS of €-0.23 on revenue of €1.51B.
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