Investing.com - Vivendi (OTC:VIVHY) reported on Wednesday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Vivendi announced earnings per share of €-0.0138 on revenue of €2.7B. Analysts polled by Investing.com anticipated EPS of €-0.0138 on revenue of €4.81B.
Vivendi shares are down 5% from the beginning of the year, still down 66.37% from its 52 week high of €33.48 set on September 6, 2021. They are outperforming the Euro Stoxx 50 which is down 12.39% from the start of the year.
Vivendi follows other major Communication Services sector earnings this month
Vivendi's report follows an earnings beat by Orange on February 21, who reported EPS of €0.9202 on revenue of €11.15B, compared to forecasts EPS of €0.71 on revenue of €11.03B.
SES had beat expectations on February 24 with fourth quarter EPS of €0.53 on revenue of €463M, compared to forecast for EPS of €-0.1104 on revenue of €458.44M.
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