Investing.com - SES reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SES announced earnings per share of €0.02 on revenue of €451M. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €445.85M.
SES shares are down 24% from the beginning of the year, still down 21.25% from its 52 week high of €9.02 set on June 1. They are under-performing the S&P 500 which is down 12.82% from the start of the year.
SES shares lost 8.48% in intra-day trade following the report.
SES follows other major Communication Services sector earnings this month
SES's report follows an earnings beat by Orange on July 28, who reported EPS of €0.23 on revenue of €10.72B, compared to forecasts EPS of €0.21 on revenue of €10.73B.
Publicis Groupe had missed expectations on July 21 with second quarter EPS of €2.13 on revenue of €3.07B, compared to forecast for EPS of €2.37 on revenue of €2.85B.
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