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Sonae Earnings Beat, Revenue Misses In Q1

Published 05/19/2022, 10:06 AM
YSO
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Investing.com - Sonae reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Sonae announced earnings per share of €0.02 on revenue of €1.69B. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €1.7B.

Sonae shares are up 1% from the beginning of the year, still down 5.32% from its 52 week high of €1.07 set on November 15, 2021. They are under-performing the PSI which is up 6.1% from the start of the year.

Sonae follows other major Consumer Staples sector earnings this month

Sonae's report follows an earnings beat by Jeronimo Martins on April 28, who reported EPS of €0.17 on revenue of €5.51B, compared to forecasts EPS of €0.16 on revenue of €5.43B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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