Lifts bottom of guidance for 2021 H1 results beat estimates thanks to video CEO predicts slowing decline (Updates with CEO quote from call, share move)
Aug 4 (Reuters) - SES beat half-year core earnings and revenue expectations on Wednesday, prompting the satellite company to bump up its guidance and sending its shares as much as 7% higher.
Its Paris-listed shares were among the best performers on the pan-European STOXX 600 index, with analysts praising a “solid” set of results.
“We’re seeing more and more channels being transmitted in high-definition, which really speaks to the strength of satellite,” chief executive Steve Collar told reporters, predicting a flattening decline in revenues from the firm’s core video business.
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