Investing.com - Vivendi (OTC:VIVHY) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vivendi announced earnings per share of €0.45 on revenue of €8.22B. Analysts polled by Investing.com anticipated EPS of €0.3294 on revenue of €8,004M.
Vivendi shares are up 17% from the beginning of the year, still down 13.26% from its 52 week high of €32.35 set on February 15. They are outperforming the DAX which is up 13.5% from the start of the year.
Vivendi follows other major Communication Services sector earnings this month
Vivendi's report follows an earnings missed by Publicis Groupe on July 22, who reported EPS of €1.67 on revenue of €2.54B, compared to forecasts EPS of €1.92 on revenue of €2.44B.
Metropole TV had beat expectations on Tuesday with second quarter EPS of €0.94 on revenue of €296.6M, compared to forecast for EPS of €0.38 on revenue of €586.92M.
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