Investing.com - Mediaset (OTC:MDIUY) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mediaset announced earnings per share of €0.01 on revenue of €682.1M. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €682.15M. That with comparison to EPS of €0.03 on revenue of €718.2M in the same period a year before. Mediaset had reported EPS of €0.08 on revenue of €895.9M in the previous quarter. Analysts are expecting EPS of €-0.05 and revenue of €437.67M in the upcoming quarter.
Mediaset shares are down 35% from the beginning of the year , still down 44.39% from its 52 week high of €3.09 set on June 20, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Mediaset follows other major Services sector earnings this month
Mediaset's report follows an earnings beat by Inwit on May 11, who reported EPS of €0.06 on revenue of €103M, compared to forecasts EPS of €0.05 on revenue of €99.48M.
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