Investing.com - Veolia Environnement (OTC:VEOEY) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Veolia Environnement announced earnings per share of €0.37 on revenue of €6.81B. Analysts polled by Investing.com anticipated EPS of €0.36 on revenue of €6.85B.
Veolia Environnement shares are up 25% from the beginning of the year, still down 4.02% from its 52 week high of €26.84 set on April 29. They are outperforming the DAX which is up 9.85% from the start of the year.
Veolia Environnement shares lost 0.92% in intra-day trade following the report.
Veolia Environnement follows other major Services sector earnings this month
Veolia Environnement's report follows an earnings matched by Vivendi on April 22, who reported EPS of €0.3294 on revenue of €3.9B, compared to forecasts EPS of €0.3294 on revenue of €3.91B.
Orange had missed expectations on April 22 with first quarter EPS of €0.15 on revenue of €10.32B, compared to forecast for EPS of €0.16 on revenue of €10.3B.
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