Investing.com - Sodexo (PA:EXHO) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sodexo announced earnings per share of €0.22 on revenue of €4.16B. Analysts polled by Investing.com anticipated EPS of €0.13 on revenue of €8,391M.
Sodexo shares are up 14% from the beginning of the year, still down 6.32% from its 52 week high of €88.04 set on March 9. They are outperforming the FTSE 100 which is up 4.28% from the start of the year.
Sodexo follows other major Services sector earnings this month
Sodexo's report follows an earnings matched by Iliad on March 15, who reported EPS of €0.73 on revenue of €1.67B, compared to forecasts EPS of €0.73 on revenue of €1.53B.
Technicolor had beat expectations on March 11 with first quarter EPS of €-0.1 on revenue of €1.57B, compared to forecast for EPS of €-2.18 on revenue of €1,693M.
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