Deutsche Telekom AG (DE:DTEGn) reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Deutsche Telekom (OTC:DTEGY) AG announced earnings per share of €0.27 on revenue of €19.94B. Analysts polled by anticipated EPS of €0.27 on revenue of €20.09B. That with comparison to EPS of €0.25 on revenue of €19.49B in the same period a year before. Deutsche Telekom AG had reported EPS of €0.21 on revenue of €21.36B in the previous quarter.
Deutsche Telekom AG shares are down 39% from the beginning of the year , still down 18.54% from its 52 week high of €16.75 set on February 20. They are under-performing the STOXX 600 which is down 21.56% year to date.
Deutsche Telekom AG follows other major Services sector earnings this month
Deutsche Telekom AG's report follows an earnings missed by Deutsche Post on Tuesday, who reported EPS of €0.24 on revenue of €15.49B, compared to forecasts EPS of €0.39 on revenue of €15.4B.
Vonovia had matched expectations on May 5 with first quarter EPS of €0.6 on revenue of €564M, compared to forecast for EPS of €0.6 on revenue of €556.78M.
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