Investing.com - Proximus reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Proximus announced earnings per share of €0.3556 on revenue of €1.44B. Analysts polled by Investing.com anticipated EPS of €0.3286 on revenue of €1.37B.
Proximus shares are up 8% from the beginning of the year and are trading at €18.60 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 5.54% from the start of the year.
Proximus follows other major Communication Services sector earnings this month
Proximus's report follows an earnings beat by Telenet on February 10, who reported EPS of €0.84 on revenue of €666.9M, compared to forecasts EPS of €0.6667 on revenue of €662.87M.
Orange Belgium had missed expectations on Saturday with fourth quarter EPS of €0.18 on revenue of €361.4M, compared to forecast for EPS of €0.254 on revenue of €350M.
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