Investing.com - Ahold Delhaize reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ahold Delhaize announced earnings per share of €0.65 on revenue of €19.1B. Analysts polled by Investing.com anticipated EPS of €0.42 on revenue of €17.98B.
Ahold Delhaize shares are up 19% from the beginning of the year and are trading at €26.68 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 12.01% from the start of the year.
Ahold Delhaize shares gained 6.76% in intra-day trade the report.
Ahold Delhaize follows other major Services sector earnings this month
Ahold Delhaize's report follows an earnings matched by Koninklijke KPN on July 27, who reported EPS of €0.03 on revenue of €1.29B, compared to forecasts EPS of €0.03 on revenue of €1.29B.
Randstad had beat expectations on July 20 with second quarter EPS of €0.35 on revenue of €4.44B, compared to forecast for EPS of €-0.3 on revenue of €3.73B.
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