Investing.com - VEON (NASDAQ:VEON) reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
VEON announced earnings per share of $0.05 on revenue of $1.7B. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $1.99B.
VEON shares are down 51.58% from the beginning of the year, still down 55.94% from its 52 week high of $2.78 set on February 13. They are under-performing the Nasdaq which is up 23.99% from the start of the year.
VEON shares gained 0.41% in intra-day trade following the report.
VEON follows other major Services sector earnings this month
VEON's report follows an earnings beat by Visa A on Wednesday, who reported EPS of $1.12 on revenue of $5.1B, compared to forecasts EPS of $1.09 on revenue of $5B.
Verizon had beat expectations on October 21 with third quarter EPS of $1.25 on revenue of $31.5B, compared to forecast for EPS of $1.22 on revenue of $31.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar