Wavestone shares dip 3% on soft Q3 revenue

Wavestone SA

03/02/2026 08:36

** Shares in Wavestone WAVE.PA slip around 3% after the French IT service provider reported Q3 revenue that analysts from TP ICAP Midcap said was below their expectations

** Q3 revenue rose 3% y/y to 247 million euros ($292 million), but was slightly below the brokerage's estimate of 249 million euros

** "The favourable signals are confirmed, but there is no incremental improvement," TP ICAP Midcap says in a note to investors

**  A sharp rebound in the share price since Wavestone's half-year results has consumed a large part of the valuation upside, the brokerage adds

** Up to the previous session's close, shares were up 8.6%​ YTD

($1 = 0.8467 euros)

(Reporting by Hugo Lhomedet)

((hugo.lhomedet@thomsonreuters.com))