Investing.com - 11 AG reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
11 AG announced earnings per share of €0.5423 on revenue of €976.1M. Analysts polled by Investing.com anticipated EPS of €0.5008 on revenue of €991.79M.
11 AG shares are down 31% from the beginning of the year, still down 41.84% from its 52 week high of €27.58 set on September 30, 2021. They are under-performing the STOXX 600 which is down 13.83% from the start of the year.
11 AG follows other major Communication Services sector earnings this month
11 AG's report follows an earnings missed by Deutsche Telekom AG on August 27, who reported EPS of €0.45 on revenue of €26.59B, compared to forecasts EPS of €0.4906 on revenue of €28.2B.
Media and Games had matched expectations on August 31 with second quarter EPS of €0.0474 on revenue of €78M, compared to forecast for EPS of €0.0474 on revenue of €78M.
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