Proximus Earnings beat, Revenue misses In Q1

  • Investing.com
Proximus Earnings beat, Revenue misses In Q1

Investing.com - Proximus reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Proximus announced earnings per share of €0.37 on revenue of €1.39B. Analysts polled by Investing.com anticipated EPS of €0.35 on revenue of €1,400M.

Proximus shares are down 3% from the beginning of the year and are trading at €16.60 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 7.67% from the start of the year.

Proximus follows other major Communication Services sector earnings this month

Proximus's report follows an earnings beat by Telenet on Thursday, who reported EPS of €1.48 on revenue of €644.8M, compared to forecasts EPS of €0.772 on revenue of €645.3M (NYSE: MMM ).

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