Investing.com - Ubisoft reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ubisoft announced earnings per share of €0.01 on revenue of €751.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of €0.34 on revenue of €390.01M.
Ubisoft shares are down 44% from the beginning of the year and are trading at €43.54 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 19.08% from the start of the year.
Ubisoft shares lost 100.00% in pre-market trade the report.
Ubisoft follows other major Technology sector earnings this month
Ubisoft's report follows an earnings beat by Dassault Systemes on Thursday, who reported EPS of €0.22 on revenue of €1.16B, compared to forecasts EPS of €0.1947 on revenue of €1.14B.
STMicroelectronics had missed expectations on Thursday with third quarter EPS of €0.51 on revenue of €3.2B, compared to forecast for EPS of €0.519 on revenue of €3.21B.
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