Investing.com - Deutsche Post (OTC:DPSGY) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Deutsche Post announced earnings per share of €0.42 on revenue of €16.24B. Analysts polled by Investing.com anticipated EPS of €0.64 on revenue of €15.92B.
Deutsche Post shares are up 13% from the beginning of the year, still down 11.17% from its 52 week high of €43.60 set on November 9. They are outperforming the DAX which is down 0.65% from the start of the year.
Deutsche Post shares lost 100.00% in pre-market trade following the report.
Deutsche Post follows other major Services sector earnings this month
Deutsche Post's report follows an earnings matched by Vonovia on November 4, who reported EPS of €0.58 on revenue of €574M, compared to forecasts EPS of €0.58 on revenue of €577.58M.
Zalando SE had beat expectations on November 4 with third quarter EPS of €0.23 on revenue of €1.85B, compared to forecast for EPS of €0.21 on revenue of €1.86B.
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