Investing.com – United Internet AG reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
United Internet AG announced earnings per share of €0.43 on revenue of €1.48B. Analysts polled by Investing.com anticipated EPS of €0.4797 on revenue of €1.44B.
United Internet AG shares are down 12% from the beginning of the year, still down 19.17% from its 52 week high of €37.72 set on March 19, 2021. They are under-performing the STOXX 600 which is down 7.65% from the start of the year.
United Internet AG follows other major Communication Services sector earnings this month
United Internet AG’s report follows an earnings missed by Deutsche Telekom AG on February 24, who reported EPS of €0.2566 on revenue of €28.93B, compared to forecasts EPS of €0.2695 on revenue of €28.93B.
Telefonica Deutschland AG had beat expectations on February 23 with fourth quarter EPS of €0.0245 on revenue of €2.06B, compared to forecast for EPS of €0.0169 on revenue of €2.06B.
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