Sonae Earnings inline, Revenue misses In Q2

  • Investing.com
Sonae Earnings inline, Revenue misses In Q2
Credit: © Reuters.

Investing.com - Sonae reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.

Sonae announced earnings per share of €0.02 on revenue of €1.57B. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €1.6B.

Sonae shares are down 32% from the beginning of the year and are trading at €0.6165 , down-from-52-week-high.They are under-performing the PSI 20 which is down 15.44% from the start of the year.

Sonae follows other major Services sector earnings this month

Sonae's report follows an earnings beat by CTT Correios de Portugal SA on Wednesday, August 5, 2020, who reported EPS of €-0.04 on revenue of €169.3M (NYSE: MMM ), compared to forecasts EPS of €-0.05 on revenue of €161M.

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

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