Investing.com - Sonae reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sonae announced earnings per share of €0.03 on revenue of €1.77B. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €1.83B.
Sonae shares are up 50% from the beginning of the year and are trading at €0.9950 , down-from-52-week-high.They are outperforming the PSI 20 which is up 15.69% from the start of the year.
Sonae follows other major Services sector earnings this month
Sonae's report follows an earnings beat by Jeronimo Martins on Wednesday, October 27, 2021, who reported EPS of €0.24 on revenue of €5.3B, compared to forecasts EPS of €0.2167 on revenue of €5B.
Nos SGPS SA had beat expectations on Wednesday, November 3, 2021 with third quarter EPS of €0.09 on revenue of €366M, compared to forecast for EPS of €0.0892 on revenue of €357.22M.
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