Investing.com - Freenet AG reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Freenet AG announced earnings per share of €0.41 on revenue of €648.85M. Analysts polled by Investing.com anticipated EPS of €0.43 on revenue of €614.5M. That with comparison to EPS of €0.47 on revenue of €689.93M in the same period a year before. Freenet AG had reported EPS of €0.07 on revenue of €802.5M in the previous quarter.
Freenet AG shares are down 21% from the beginning of the year , still down 25.78% from its 52 week high of €21.64 set on November 12, 2019. They are under-performing the STOXX 600 which is down 18.18% year to date.
Freenet AG shares lost 1.68% in intra-day trade following the report.
Freenet AG follows other major Services sector earnings this month
Freenet AG's report follows an earnings beat by Deutsche Telekom AG on May 14, who reported EPS of €0.27 on revenue of €19.94B, compared to forecasts EPS of €0.23 on revenue of €20.16B.
Deutsche Post had beat expectations on May 12 with first quarter EPS of €0.38 on revenue of €15.49B, compared to forecast for EPS of €0.24 on revenue of €15.49B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar