Investing.com - VEON (NASDAQ:VEON) reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
VEON announced earnings per share of $0.0791 on revenue of $2.02B. Analysts polled by Investing.com anticipated EPS of $0.0996 on revenue of $2.04B.
VEON shares are down 52.95% from the beginning of the year, still down 66.19% from its 52 week high of $2.38 set on October 19, 2021. They are under-performing the Nasdaq which is down 12.47% from the start of the year.
VEON follows other major Communication Services sector earnings this month
VEON's report follows an earnings beat by Alphabet C on February 1, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.8 on revenue of $72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of $3.67 on revenue of $33.67B, compared to forecast for EPS of $3.84 on revenue of $33.37B.
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