Investing.com - Koninklijke KPN reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Koninklijke KPN announced earnings per share of €0.05 on revenue of €1.31B. Analysts polled by Investing.com anticipated EPS of €0.0357 on revenue of €1.3B.
Koninklijke KPN shares are up 21% from the beginning of the year, still down 4.86% from its 52 week high of €3.48 set on April 14. They are outperforming the AEX which is down 10.58% from the start of the year.
Koninklijke KPN follows other major Communication Services sector earnings this month
Koninklijke KPN's report follows an earnings missed by VEON on June 28, who reported EPS of €-0.0951 on revenue of €1.73B, compared to forecasts EPS of €0.0812 on revenue of €1.8B.
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