Investing.com - BT Group (LON:BT) reported first quarter earnings that missed analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of £0.06 on revenue of £5.63B. Analysts polled by Investing.com forecast EPS of £6.42 on revenue of £5.61B. That compared to EPS of £0.05 on revenue of £5.72B in the same period a year earlier. The company had reported EPS of £0.06 on revenue of £5.85B in the previous quarter.
BT Group shares lost 4.43% to trade at £185.38 in intra-day trade following the report.
For the year, BT Group shares are up 17%, outperforming the Euro Stoxx 50 which is up 13.84% year to date.
BT Group follows other major Technology sector earnings this month
On July 25, Mail.ru Group reported second quarter EPS of £0.02 on revenue of £311.88M, compared to forecasts of EPS of £0.16 on revenue of £318.08M.
Spectris earnings missed analyst's expectations on Tuesday, with second quarter EPS of £-0.42 on revenue of £759.1M. Investing.com analysts expected EPS of £52.58 on revenue of £757.05M
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