Investing.com - Associated British Foods (OTC:ASBFY) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Associated British Foods announced earnings per share of £0.3 on revenue of £3.95B. Analysts polled by Investing.com anticipated EPS of £-13.15 on revenue of £6,305M.
Associated British Foods shares are down 52% from the beginning of the year, still down 36.70% from its 52 week high of £2,730.00 set on February 11. They are under-performing the STOXX 600 which is down 14.39% from the start of the year.
Associated British Foods follows other major Services sector earnings this month
Associated British Foods's report follows an earnings missed by Tesco on October 7, who reported EPS of £0.04 on revenue of £28.72B, compared to forecasts EPS of £7.51 on revenue of £31,783M.
Carnival had beat expectations on October 8 with third quarter EPS of £-1.69 on revenue of £23.98M, compared to forecast for EPS of £-1.7 on revenue of £60.52M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar