Investing.com - Melrose Industries reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Melrose Industries announced earnings per share of £-0.06 on revenue of £3.59B. Analysts polled by Investing.com anticipated EPS of £2.28 on revenue of £3,496M.
Melrose Industries shares are down 21% from the beginning of the year, still down 33.40% from its 52 week high of £187.40 set on September 23, 2021. They are under-performing the STOXX 600 which is down 15.11% from the start of the year.
Melrose Industries follows other major Industrials sector earnings this month
Melrose Industries's report follows an earnings missed by Bunzl on August 30, who reported EPS of £0.66 on revenue of £5.65B, compared to forecasts EPS of £70.72 on revenue of £5,091M.
Spirax-Sarco Engineering had missed expectations on August 11 with second quarter EPS of £1.32 on revenue of £750.1M, compared to forecast for EPS of £183.02 on revenue of £711.35M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar