Investing.com - Telenet reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telenet announced earnings per share of €0.91 on revenue of €642.4M. Analysts polled by Investing.com anticipated EPS of €0.8329 on revenue of €637.98M.
Telenet shares are up 25.6% from the beginning of the year, still down 16.45% from its 52 week high of €37.44 set on December 1, 2020. They are outperforming the FTSE 100 which is up 9.69% from the start of the year.
Telenet shares lost 3.69% in intra-day trade following the report.
Telenet follows other major Communication Services sector earnings this month
Telenet's report follows an earnings missed by Orange Belgium on Monday, who reported EPS of €0.3128 on revenue of €325.4M, compared to forecasts EPS of €0.34 on revenue of €316.63M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar