Investing.com - Prosiebensat 1 AG reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Prosiebensat 1 AG announced earnings per share of €0.2447 on revenue of €954M. Analysts polled by Investing.com anticipated EPS of €0.2497 on revenue of €1.02B.
Prosiebensat 1 AG shares are down 10% from the beginning of the year, still down 49.06% from its 52 week high of €19.00 set on June 1, 2021. They are under-performing the IBEX 35 which is down 4.87% from the start of the year.
Prosiebensat 1 AG follows other major Communication Services sector earnings this month
Prosiebensat 1 AG's report follows an earnings beat by Deutsche Telekom AG on Friday, who reported EPS of €0.45 on revenue of €28.02B, compared to forecasts EPS of €0.2911 on revenue of €27.97B.
United Internet AG had beat expectations on Thursday with first quarter EPS of €0.65 on revenue of €1.44B, compared to forecast for EPS of €0.5111 on revenue of €1.45B.
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