Orange reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Orange announced earnings per share of €0.2 on revenue of €10.39B. Analysts polled by anticipated EPS of €0.24 on revenue of €10.3B. That with comparison to EPS of €0.23 on revenue of €10.19B in the same period a year before. Orange had reported EPS of €0.37 on revenue of €11.09B in the previous quarter. Analysts are expecting EPS of €0.24 and revenue of €10.52B in the upcoming quarter.
Orange shares are down 15% from the beginning of the year , still down 27.63% from its 52 week high of €15.38 set on November 27, 2019. They are outperforming the CAC 40 which is down 24.01% year to date.
Orange follows other major Services sector earnings this month
Orange's report follows an earnings matched by Vivendi on April 20, who reported EPS of €0.23 on revenue of €3.87B, compared to forecasts EPS of €0.23 on revenue of €3.62B.
Sodexo had missed expectations on April 9 with second quarter EPS of €2.55 on revenue of €5.62B, compared to forecast for EPS of €2.96 on revenue of €11,595M.
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