Investing.com - VEON (NASDAQ:VEON) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
VEON announced earnings per share of $0.07 on revenue of $1.99B. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $2.02B.
VEON shares are up 27% from the beginning of the year, still down 8.42% from its 52 week high of $1.90 set on January 14. They are outperforming the S&P 500 which is up 11.37% from the start of the year.
VEON follows other major Services sector earnings this month
VEON's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.73B, compared to forecasts EPS of $1.27 on revenue of $5.56B.
Verizon had beat expectations on April 21 with first quarter EPS of $1.31 on revenue of $32.9B, compared to forecast for EPS of $1.29 on revenue of $32.46B.
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