Ahold Delhaize reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ahold Delhaize announced earnings per share of €0.59 on revenue of €18.21B. Analysts polled by anticipated EPS of €0.51 on revenue of €17.57B. That with comparison to EPS of €0.4 on revenue of €15.9B in the same period a year before. Ahold Delhaize had reported EPS of €0.52 on revenue of €17.4B in the previous quarter. Analysts are expecting EPS of €0.43 and revenue of €17.81B in the upcoming quarter.
Ahold Delhaize shares are up 2% from the beginning of the year , still down 6.39% from its 52 week high of €24.50 set on November 11, 2019. They are outperforming the AEX which is down 15.09% year to date.
Ahold Delhaize follows other major Services sector earnings this month
Ahold Delhaize's report follows an earnings matched by Koninklijke KPN on April 30, who reported EPS of €0.03 on revenue of €1.33B, compared to forecasts EPS of €0.03 on revenue of €1.32B.
Randstad had beat expectations on April 22 with first quarter EPS of €0.58 on revenue of €5.41B, compared to forecast for EPS of €0.5 on revenue of €5.01B.
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