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Sonae Earnings inline, Revenue beats In Q2

Published 2021/07/31, 00:15

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

Sonae announced earnings per share of €0.02 on revenue of €1.61B. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €1.59B.

Sonae shares are up 25% from the beginning of the year and are trading at €0.8325 , down-from-52-week-high.They are outperforming the PSI 20 which is up 2.62% from the start of the year.

Sonae follows other major Consumer Staples sector earnings this month

Sonae's report follows an earnings beat by Jeronimo Martins on Wednesday, who reported EPS of €0.21 on revenue of €5.12B, compared to forecasts EPS of €0.175 on revenue of €5.01B.

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

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