Investing.com - Vivendi (OTC:VIVHY) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Vivendi announced earnings per share of €0.2976 on revenue of €4.49B. Analysts polled by Investing.com anticipated EPS of €0.2926 on revenue of €4.56B.
Vivendi shares are up 10% from the beginning of the year, still down 9.58% from its 52 week high of €32.35 set on February 15. They are outperforming the CAC 40 which is up 5.02% from the start of the year.
Vivendi follows other major Services sector earnings this month
Vivendi's report follows an earnings missed by Kering on February 17, who reported EPS of €15.01 on revenue of €4B, compared to forecasts EPS of €15.16 on revenue of €4.2B.
Orange had beat expectations on February 18 with fourth quarter EPS of €0.73 on revenue of €10.92B, compared to forecast for EPS of €0.39 on revenue of €11.03B.
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