Investing.com - Freenet AG reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Freenet AG announced earnings per share of €0.4 on revenue of €619.2M. Analysts polled by Investing.com anticipated EPS of €0.4568 on revenue of €627.28M.
Freenet AG shares are up 19% from the beginning of the year, still down 1.18% from its 52 week high of €20.76 set on April 7. They are outperforming the STOXX 600 which is up 10.65% from the start of the year.
Freenet AG shares lost 100.00% in pre-market trade following the report.
Freenet AG follows other major Services sector earnings this month
Freenet AG's report follows an earnings beat by Deutsche Post on Wednesday, who reported EPS of €0.94 on revenue of €18.86B, compared to forecasts EPS of €0.8756 on revenue of €17.82B.
Vonovia had beat expectations on Tuesday with first quarter EPS of €0.5849 on revenue of €581.95M, compared to forecast for EPS of €0.5752 on revenue of €593.79M.
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