SES misses quarterly core profit, shares fall

Satellite company SES expects broadly stable revenue and core profit this year but posted a quarterly core profit below analyst estimates, which dragged its shares down.

Adjusted core earnings for the fourth quarter dropped to 233 million euros ($253 million) from 276 million euros in the same period a year earlier, falling short of a 251 million euro estimate in a poll of analysts provided by the company.

SES share were around 3% lower at 1004 GMT, underperforming the SBF120 French index.