SES reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
SES announced earnings per share of €0.09 on revenue of €478.9M. Analysts polled by anticipated EPS of €0.1 on revenue of €482.3M (NYSE:MMM). That with comparison to EPS of €0.13 on revenue of €480.6M in the same period a year before. SES had reported EPS of €0.07 on revenue of €532M in the previous quarter. Analysts are expecting EPS of €0.10 and revenue of €489.00M in the upcoming quarter.
SES shares are down 54% from the beginning of the year , still down 68.69% from its 52 week high of €18.11 set on October 29, 2019. They are under-performing the STOXX 600 which is down 18.85% year to date.
SES follows other major Services sector earnings this month
SES's report follows an earnings missed by Orange on April 30, who reported EPS of €0.2 on revenue of €10.39B, compared to forecasts EPS of €0.22 on revenue of €10.31B.
Vivendi had matched expectations on April 20 with first quarter EPS of €0.23 on revenue of €3.87B, compared to forecast for EPS of €0.23 on revenue of €3.62B.
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