Investing.com - Mediaset (OTC:MDIUY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Mediaset announced earnings per share of €0.16 on revenue of €194.4M. Analysts polled by Investing.com anticipated EPS of €0.15 on revenue of €204.45M. That with comparison to EPS of €0.19 on revenue of €226M in the same period a year before. Mediaset had reported EPS of €0.18 on revenue of €285.5M in the previous quarter. Analysts are expecting EPS of €0.19 and revenue of €159.55M in the upcoming quarter.
Mediaset shares are down 42% from the beginning of the year , still down 53.69% from its 52 week high of €7.04 set on May 16, 2019. They are under-performing the IBEX 35 which is down 28.19% year to date.
Mediaset follows other major Services sector earnings this month
Mediaset's report follows an earnings matched by Euskaltel SA on April 22, who reported EPS of €0.11 on revenue of €171.8M, compared to forecasts EPS of €0.11 on revenue of €172.37M.
Atresmedia had matched expectations on Thursday with first quarter EPS of €0.1 on revenue of €223.4M, compared to forecast for EPS of €0.1 on revenue of €229.04M.
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