Investing.com - Orange reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Orange announced earnings per share of €0.5958 on revenue of €11.15B. Analysts polled by Investing.com anticipated EPS of €0.5984 on revenue of €10.98B.
Orange shares are up 6% from the beginning of the year and are trading at €11.03 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 4.61% from the start of the year.
Orange follows other major Communication Services sector earnings this month
Orange's report follows an earnings beat by Publicis Groupe on February 3, who reported EPS of €2.4 on revenue of €2.94B, compared to forecasts EPS of €2.27 on revenue of €2.82B.
Eutelsat had beat expectations on Thursday with second quarter EPS of €0.72 on revenue of €285M, compared to forecast for EPS of €0.55 on revenue of €285.3M (NYSE:MMM).
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