Investing.com - Kering (PA:PRTP) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Kering announced earnings per share of €15.01 on revenue of €4B. Analysts polled by Investing.com anticipated EPS of €15.16 on revenue of €4.31B.
Kering shares are down 11% from the beginning of the year and are trading at €527.10 , down-from-52-week-high.They are under-performing the CAC 40 which is up 3.8% from the start of the year.
Kering follows other major Services sector earnings this month
Kering's report follows an earnings missed by Publicis Groupe on February 3, who reported EPS of €1.79 on revenue of €2.6B, compared to forecasts EPS of €2.66 on revenue of €2,763M.
TF1 had matched expectations on February 11 with fourth quarter EPS of €0.22 on revenue of €720.3M (NYSE:MMM), compared to forecast for EPS of €0.22 on revenue of €706.77M.
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