Investing.com - Orange Belgium reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Orange Belgium announced earnings per share of €0.18 on revenue of €707.6M. Analysts polled by Investing.com anticipated EPS of €0.254 on revenue of €350M.
Orange Belgium shares are up 23.23% from the beginning of the year, still down 17.29% from its 52 week high of €23.65 set on April 12, 2021. They are outperforming the TR UK 50 which is up 4.95% from the start of the year.
Orange Belgium follows other major Communication Services sector earnings this month
Orange Belgium's report follows an earnings beat by Telenet on Thursday, who reported EPS of €0.84 on revenue of €666.9M, compared to forecasts EPS of €0.7723 on revenue of €663.53M.
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