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 October 28, 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 November 4 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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