Investing.com - Mediaset (OTC:MDIUY) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mediaset announced earnings per share of €0.11 on revenue of €171.5M. Analysts polled by Investing.com anticipated EPS of €0.08 on revenue of €170.47M.
Mediaset shares are down 48.9% from the beginning of the year, still down 53.35% from its 52 week high of €6.20 set on November 29, 2019. They are under-performing the EUR/USD which is down 0% from the start of the year.
Mediaset follows other major Services sector earnings this month
Mediaset's report follows an earnings missed by Euskaltel SA on Tuesday, who reported EPS of €0.09 on revenue of €174.2M, compared to forecasts EPS of €0.14 on revenue of €175.13M.
Atresmedia had beat expectations on October 22 with third quarter EPS of €0.08 on revenue of €205.05M, compared to forecast for EPS of €0.05 on revenue of €188.75M.
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