Investing.com - ITV (LON:ITV) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ITV announced earnings per share of £0.07 on revenue of £1.91B. Analysts polled by Investing.com anticipated EPS of £6.76 on revenue of £1,724M.
ITV shares are down 15% from the beginning of the year, still down 40.20% from its 52 week high of £134.15 set on June 14, 2021. They are under-performing the FTSE 100 which is down 1.97% from the start of the year.
ITV follows other major Communication Services sector earnings this month
ITV's report follows an earnings beat by BT Group on February 3, who reported EPS of £0.044 on revenue of £5.37B, compared to forecasts EPS of £0.0438 on revenue of £5.38B.
WPP had missed expectations on February 24 with fourth quarter EPS of £0.443 on revenue of £2.86B, compared to forecast for EPS of £0.49 on revenue of £2.86B.
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