Investing.com - ITV (LON:ITV) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ITV announced earnings per share of £0.07 on revenue of £1.91B. Analysts polled by Investing.com anticipated EPS of £6.76 on revenue of £1,724M.
ITV shares are down 27% from the beginning of the year and are trading at £80.22 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.34% from the start of the year.
ITV follows other major Communication Services sector earnings this month
ITV's report follows an earnings beat by BT Group on February 3, who reported EPS of £0.044 on revenue of £5.37B, compared to forecasts EPS of £0.0438 on revenue of £5.38B.
WPP had missed expectations on February 24 with fourth quarter EPS of £0.443 on revenue of £2.86B, compared to forecast for EPS of £0.49 on revenue of £2.86B.
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