Investing.com - Orange reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Orange announced earnings per share of €-1.04 on revenue of €20.87B. Analysts polled by Investing.com anticipated EPS of €0.15 on revenue of €10.39B.
Orange shares are up 55% from the beginning of the year and are trading at €9.31 , down-from-52-week-high.They are outperforming the CAC 40 which is up 19.5% from the start of the year.
Orange follows other major Communication Services sector earnings this month
Orange's report follows an earnings beat by Vivendi on Wednesday, who reported EPS of €0.3315 on revenue of €4.32B, compared to forecasts EPS of €0.3294 on revenue of €8,004M.
Publicis Groupe had missed expectations on July 22 with second quarter EPS of €1.67 on revenue of €2.54B, compared to forecast for EPS of €1.92 on revenue of €2.44B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar