Investing.com - Ashmore reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ashmore announced earnings per share of £-0.01 on revenue of £114.8M. Analysts polled by Investing.com anticipated EPS of £8.90 on revenue of £131.40M.
Ashmore shares are down 27% from the beginning of the year, still down 46.11% from its 52 week high of £393.00 set on September 3, 2021. They are under-performing the STOXX 600 which is down 14.72% from the start of the year.
Ashmore follows other major Financial sector earnings this month
Ashmore's report follows an earnings missed by State Bank India on August 6, who reported EPS of £0.8538 on revenue of £4.21B, compared to forecasts EPS of £0.943 on revenue of £4.21B.
London Stock Exchange had beat expectations on August 5 with second quarter EPS of £167.4 on revenue of £1.82B, compared to forecast for EPS of £159.5 on revenue of £1.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar