Investing.com - Metropole TV reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Metropole TV announced earnings per share of €2.22 on revenue of €437.4M. Analysts polled by Investing.com anticipated EPS of €1.06 on revenue of €698.69M.
Metropole TV shares are up 12% from the beginning of the year, still down 2.73% from its 52 week high of €19.76 set on March 12, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Metropole TV follows other major Communication Services sector earnings this month
Metropole TV's report follows an earnings beat by Publicis Groupe on February 3, who reported EPS of €2.4 on revenue of €2.94B, compared to forecasts EPS of €2.27 on revenue of €2.82B.
TF1 had beat expectations on Friday with fourth quarter EPS of €1.06 on revenue of €775.9M, compared to forecast for EPS of €0.19 on revenue of €718.74M.
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