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SES Earnings miss, Revenue beats In Q2

Published 07/08/2020, 11:11
Updated 07/08/2020, 11:11

Investing.com - SES reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

SES announced earnings per share of €0.05 on revenue of €467.9M. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €456.6M.

SES shares are down 51% from the beginning of the year and are trading at €6.10 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.04% from the start of the year.

SES shares lost 2.05% in intra-day trade the report.

SES follows other major Services sector earnings this month

SES's report follows an earnings missed by Kering on July 28, who reported EPS of €2.25 on revenue of €2.18B, compared to forecasts EPS of €14.54 on revenue of €2.22B.

Vivendi had beat expectations on July 29 with second quarter EPS of €0.28 on revenue of €3.71B, compared to forecast for EPS of €0.25 on revenue of €3.63B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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