Investing.com - Ashmore reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ashmore announced earnings per share of £0.16 on revenue of £146.9M. Analysts polled by Investing.com anticipated EPS of £12.34 on revenue of £141.59M.
Ashmore shares are down 12% from the beginning of the year, still down 23.23% from its 52 week high of £493.40 set on February 10. They are under-performing the STOXX 600 which is up 18.27% from the start of the year.
Ashmore follows other major Financial sector earnings this month
Ashmore's report follows an earnings matched by London Stock Exchange on August 6, who reported EPS of £1.37 on revenue of £1.68B, compared to forecasts EPS of £1.37 on revenue of £1.68B.
TCS Group Holding PLC had beat expectations on August 27 with second quarter EPS of £80.84 on revenue of £49.22B, compared to forecast for EPS of £74.36 on revenue of £46.56B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar