Proximus reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Proximus announced earnings per share of €0.47 on revenue of €1.38B. Analysts polled by anticipated EPS of €0.39 on revenue of €1.39B. That with comparison to EPS of €0.42 on revenue of €1.42B in the same period a year before. Proximus had reported EPS of €0.4 on revenue of €1.45B in the previous quarter. Analysts are expecting EPS of €0.44 and revenue of €1.38B in the upcoming quarter.
Proximus shares are down 42% from the beginning of the year , still down 31.10% from its 52 week high of €28.26 set on October 11, 2019. They are under-performing the IBEX 35 which is down 28.19% year to date.
Proximus follows other major Services sector earnings this month
Proximus's report follows an earnings missed by Orange Belgium on April 23, who reported EPS of €0.01 on revenue of €333.88M, compared to forecasts EPS of €0.03 on revenue of €332.33M.
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