Investing.com - Telenet reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telenet announced earnings per share of €1.39 on revenue of €653.0M. Analysts polled by Investing.com anticipated EPS of €0.76 on revenue of €647.56M. That with comparison to EPS of €0.13 on revenue of €626.4M in the same period a year before.Telenet had reported EPS of €0.83 on revenue of €673.3M (NYSE: MMM ) in the previous quarter.Analysts are expecting EPS of €1.05 and revenue of €651.56M in the upcoming quarter.
Telenet shares are down 4% from the beginning of the year and are trading at €38.08 , down-from-52-week-high.They are outperforming the BEL 20 which is down 22.18% year to date.
Telenet follows other major Services sector earnings this month
Telenet's report follows an earnings beat by Proximus on Thursday, who reported EPS of €0.47 on revenue of €1.38B, compared to forecasts EPS of €0.39 on revenue of €1.39B.
Orange Belgium had missed expectations on Thursday, April 23, 2020 with first quarter EPS of €0.01 on revenue of €333.88M, compared to forecast for EPS of €0.03 on revenue of €332.33M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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