Investing.com - Sonae reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Sonae announced earnings per share of €-0.01 on revenue of €1.74B. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €1.74B.
Sonae shares are down 21% from the beginning of the year, still down 34.13% from its 52 week high of €0.96 set on December 13, 2019. They are under-performing the STOXX 600 which is down 7.36% from the start of the year.
Sonae follows other major Services sector earnings this month
Sonae's report follows an earnings beat by J.Martins on October 28, who reported EPS of €0.2 on revenue of €4.88B, compared to forecasts EPS of €0.16 on revenue of €4.82B.
Nos SGPS SA had matched expectations on November 4 with third quarter EPS of €0.09 on revenue of €347M, compared to forecast for EPS of €0.09 on revenue of €347M.
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