Investing.com - Sonae reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Sonae announced earnings per share of €-0.01 on revenue of €1.74B. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €1.74B.
Sonae shares are down 30% from the beginning of the year and are trading at €0.6310 , down-from-52-week-high.They are under-performing the PSI 20 which is down 16.19% from the start of the year.
Sonae follows other major Services sector earnings this month
Sonae's report follows an earnings beat by J.Martins on Wednesday, October 28, 2020, who reported EPS of €0.2 on revenue of €4.88B, compared to forecasts EPS of €0.16 on revenue of €4.82B.
Nos SGPS SA had matched expectations on Wednesday, November 4, 2020 with third quarter EPS of €0.09 on revenue of €347M, compared to forecast for EPS of €0.09 on revenue of €347M.
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