Investing.com - SES reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
SES announced earnings per share of €-0.56 on revenue of €466M. Analysts polled by Investing.com anticipated EPS of €0.05 on revenue of €476.15M.
SES shares are down 14% from the beginning of the year and are trading at €6.60 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 3.8% from the start of the year.
SES shares lost 4.37% 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 February 17, who reported EPS of €15.01 on revenue of €4B, compared to forecasts EPS of €15.16 on revenue of €4.2B.
Orange had beat expectations on February 18 with fourth quarter EPS of €0.73 on revenue of €10.92B, compared to forecast for EPS of €0.39 on revenue of €11.03B.
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