Investing.com - United Internet AG reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
United Internet AG announced earnings per share of €0.27 on revenue of €1.33B. Analysts polled by Investing.com anticipated EPS of €0.5 on revenue of €1.34B.
United Internet AG shares are up 2% from the beginning of the year, still down 31.68% from its 52 week high of €43.88 set on August 13. They are outperforming the STOXX 600 which is down 7.56% from the start of the year.
United Internet AG shares lost 100.00% in pre-market trade following the report.
United Internet AG follows other major Services sector earnings this month
United Internet AG's report follows an earnings missed by Deutsche Post on Wednesday, who reported EPS of €0.42 on revenue of €16.24B, compared to forecasts EPS of €0.64 on revenue of €15.92B.
Vonovia had matched expectations on November 4 with third quarter EPS of €0.58 on revenue of €574M, compared to forecast for EPS of €0.58 on revenue of €577.58M.
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