BT Group (LON:BT) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BT Group announced earnings per share of £0.12 on revenue of £5.63B. Analysts polled by anticipated EPS of £0.06 on revenue of £5.65B. That with comparison to EPS of £0.06 on revenue of £5.85B in the same period a year before. BT Group had reported EPS of £0.04 on revenue of £5.78B in the previous quarter. Analysts are expecting EPS of £0.05 and revenue of £5,626M in the upcoming quarter.
BT Group shares are down 45.46% from the beginning of the year , still down 53.59% from its 52 week high of £226.15 set on May 8, 2019. They are under-performing the TR UK 50 which is down 19.97% year to date.
BT Group follows other major Technology sector earnings this month
BT Group's report follows an earnings beat by Mail.ru Group on April 23, who reported EPS of £0.14 on revenue of £300.16M, compared to forecasts EPS of £-0.09 on revenue of £296.32M.
IQE had missed expectations on April 28 with first quarter EPS of £-0.03 on revenue of £73.30M, compared to forecast for EPS of £0.21 on revenue of £82.39M.
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