Investing.com - Orange reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Orange announced earnings per share of €1.36 on revenue of €21.50B. Analysts polled by Investing.com anticipated EPS of €0.39 on revenue of €11.04B.
Orange shares are down 7% from the beginning of the year and are trading at €9.70 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 3.43% from the start of the year.
Orange shares lost 0.92% in intra-day trade the report.
Orange follows other major Services sector earnings this month
Orange's report follows an earnings missed by Kering on Wednesday, who reported EPS of €15.01 on revenue of €4B, compared to forecasts EPS of €15.16 on revenue of €4.31B.
Publicis Groupe had missed expectations on Wednesday, February 3, 2021 with fourth quarter EPS of €1.79 on revenue of €2.6B, compared to forecast for EPS of €2.66 on revenue of €2,763M.
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