SES Earnings miss, Revenue beats In Q2 By Investing.com

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SES Earnings miss, Revenue beats In Q2

Published Aug 04, 2022 13:28

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

SES announced earnings per share of €0.02 on revenue of €451M. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €445.85M.

SES shares are up 1% from the beginning of the year and are trading at €7.10 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 9.75% from the start of the year.

SES shares lost 8.48% in intra-day trade the report.

SES follows other major Communication Services sector earnings this month

SES's report follows an earnings beat by Orange on July 28, who reported EPS of €0.23 on revenue of €10.72B, compared to forecasts EPS of €0.21 on revenue of €10.73B.

Publicis Groupe had missed expectations on July 21 with second quarter EPS of €2.13 on revenue of €3.07B, compared to forecast for EPS of €2.37 on revenue of €2.85B.

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

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