Investing.com - Associated British Foods (OTC:ASBFY) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Associated British Foods announced earnings per share of £0.21 on revenue of £6.31B. Analysts polled by Investing.com anticipated EPS of £17.31 on revenue of £6,698M.
Associated British Foods shares are up 2% from the beginning of the year, still down 8.47% from its 52 week high of £2,528.00 set on April 9. They are under-performing the STOXX 600 which is up 8.71% 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 Carnival on April 7, who reported EPS of £-1.29 on revenue of £18.86M, compared to forecasts EPS of £-1.22 on revenue of £18.87M.
Tesco had missed expectations on April 14 with fourth quarter EPS of £0.04 on revenue of £29.17B, compared to forecast for EPS of £8.15 on revenue of £31,819M.
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