Investing.com - Rightmove reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Rightmove announced earnings per share of £0.11 on revenue of £155.0M. Analysts polled by Investing.com anticipated EPS of £5.70 on revenue of £94.80M.
Rightmove shares are down 19% from the beginning of the year and are trading at £643.40 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 1.42% from the start of the year.
Rightmove follows other major Communication Services sector earnings this month
Rightmove'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 Thursday with fourth quarter EPS of £0.443 on revenue of £5.09B, compared to forecast for EPS of £0.49 on revenue of £2.86B.
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