Ceconomy reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ceconomy announced earnings per share of €-0.82 on revenue of €11.45B. Analysts polled by anticipated EPS of €0.08 on revenue of €3.55B. That with comparison to EPS of €0.07 on revenue of €5.02B in the same period a year before. Ceconomy had reported EPS of €0.43 on revenue of €6.82B in the previous quarter. Analysts are expecting EPS of €-0.32 and revenue of €2.98B in the upcoming quarter.
Ceconomy shares are down 39% from the beginning of the year , still down 66.96% from its 52 week high of €6.14 set on August 1, 2019. They are under-performing the STOXX 600 which is down 21.56% year to date.
Ceconomy follows other major Services sector earnings this month
Ceconomy's report follows an earnings matched by Deutsche Telekom AG on Thursday, who reported EPS of €0.27 on revenue of €19.94B, compared to forecasts EPS of €0.27 on revenue of €20.09B.
Deutsche Post had missed expectations on Tuesday with first quarter EPS of €0.24 on revenue of €15.49B, compared to forecast for EPS of €0.39 on revenue of €15.4B.
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