Investing.com - Ceconomy reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Ceconomy announced earnings per share of €0.12 on revenue of €5.17B. Analysts polled by Investing.com anticipated EPS of €0.2051 on revenue of €5.17B.
Ceconomy shares are down 38.36% from the beginning of the year, still down 41.99% from its 52 week high of €6.02 set on January 8. They are under-performing the EUR/USD which is down 0% from the start of the year.
Ceconomy shares lost 100.00% in pre-market trade following the report.
Ceconomy follows other major Consumer Discretionary sector earnings this month
Ceconomy's report follows an earnings missed by ABOUT YOU Holding AG on December 7, who reported EPS of €-0.1053 on revenue of €395.6M, compared to forecasts EPS of €-0.0681 on revenue of €396.71M.
Auto1 had beat expectations on November 16 with third quarter EPS of €-0.1964 on revenue of €1.26B, compared to forecast for EPS of €-0.2296 on revenue of €1.16B.
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