Investing.com - TF1 reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TF1 announced earnings per share of €1.06 on revenue of €2.43B. Analysts polled by Investing.com anticipated EPS of €0.19 on revenue of €718.74M.
TF1 shares are up 19% from the beginning of the year, still down 4.57% from its 52 week high of €9.41 set on November 1, 2021. They are outperforming the STOXX 600 which is down 3.74% from the start of the year.
TF1 follows other major Communication Services sector earnings this month
TF1's report follows an earnings beat by Publicis Groupe on February 3, who reported EPS of €2.4 on revenue of €2.94B, compared to forecasts EPS of €2.27 on revenue of €2.82B.
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