Investing.com - VEON (NASDAQ:VEON) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
VEON announced earnings per share of $0.0695 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $0.0522 on revenue of $2B.
VEON shares are up 43.05% from the beginning of the year, still down 3.57% from its 52 week high of $2.24 set on August 30. They are outperforming the Nasdaq which is up 18.45% from the start of the year.
VEON follows other major Services sector earnings this month
VEON's report follows an earnings beat by Alibaba ADR on August 3, who reported EPS of $16.6 on revenue of $205.74B, compared to forecasts EPS of $14.32 on revenue of $209.11B.
Walmart had beat expectations on August 17 with second quarter EPS of $1.78 on revenue of $141.05B, compared to forecast for EPS of $1.57 on revenue of $137.02B.
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