Investing.com - SES reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SES announced earnings per share of €0.53 on revenue of €463M. Analysts polled by Investing.com anticipated EPS of €-0.0562 on revenue of €460.16M.
SES shares are down 2% from the beginning of the year and are trading at €6.81 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.39% from the start of the year.
SES shares lost 4.01% 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 Monday, who reported EPS of €0.9202 on revenue of €11.15B, compared to forecasts EPS of €0.5958 on revenue of €11.03B.
Publicis Groupe had beat expectations on February 3 with fourth quarter EPS of €2.4 on revenue of €2.94B, compared to forecast for EPS of €2.27 on revenue of €2.82B.
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