Investing.com - Freenet AG reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Freenet AG announced earnings per share of €0.46 on revenue of €622.1M. Analysts polled by Investing.com anticipated EPS of €0.39 on revenue of €619.4M.
Freenet AG shares are down 10% from the beginning of the year, still down 15.34% from its 52 week high of €21.64 set on November 12, 2019. They are broadly in line with the STOXX 600 which is down 9.85% from the start of the year.
Freenet AG follows other major Services sector earnings this month
Freenet AG's report follows an earnings missed by Deutsche Post on August 5, who reported EPS of €0.42 on revenue of €15.96B, compared to forecasts EPS of €0.43 on revenue of €15.47B.
Vonovia had matched expectations on August 5 with second quarter EPS of €0.61 on revenue of €570.2M, compared to forecast for EPS of €0.61 on revenue of €576.55M.
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