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Eutelsat slips after Q1 revenue miss

By Reuters News

** Shares in Eutelsat ETL.PA drop 3% after the European satellite operator missed quarterly revenue expectations

** Q1 revenue from operating businesses is €278.3 million ($311.6 million), 4.4% below the company-compiled consensus of €291 million

** "Weak Q1 print implies a pick up through the year to hit the FY27 outlook," says Deutsche Bank

** Current low Earth orbit (LEO) weakness reflects negative carry-forward effects, which should progressively fade, says J.P. Morgan

** Up to Thursday's close, Eutelsat's shares gain 18% YTD

($1 = 0.8930 euros)

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