Investing.com - United Internet AG reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
United Internet AG announced earnings per share of €0.47 on revenue of €1.33B. Analysts polled by Investing.com anticipated EPS of €0.49 on revenue of €1.32B. That with comparison to EPS of €0.46 on revenue of €1.29B in the same period a year before. United Internet AG had reported EPS of €0.26 on revenue of €1.31B in the previous quarter.
United Internet AG shares are down 45% from the beginning of the year , still down 6.45% from its 52 week high of €36.73 set on October 23, 2019. They are under-performing the STOXX 600 which is down 19.81% year to date.
United Internet AG follows other major Services sector earnings this month
United Internet AG's report follows an earnings missed by Deutsche Post on Tuesday, who reported EPS of €0.24 on revenue of €15.49B, compared to forecasts EPS of €0.39 on revenue of €15.4B.
Vonovia had matched expectations on May 5 with first quarter EPS of €0.6 on revenue of €564M, compared to forecast for EPS of €0.6 on revenue of €556.78M.
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