Investing.com - Babcock International reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Babcock International announced earnings per share of £-0.64 on revenue of £2.25B. Analysts polled by Investing.com anticipated EPS of £35.89 on revenue of £2,446M.
Babcock International shares are down 31% from the beginning of the year , still down 42.92% from its 52 week high of £659.80 set on December 13, 2019. They are under-performing the STOXX 600 which is down 15.09% year to date.
Babcock International follows other major Transportation sector earnings this month
Babcock International's report follows an earnings missed by Big Yellow on Tuesday, who reported EPS of £-0.02 on revenue of £65.04M, compared to forecasts EPS of £23.47 on revenue of £54.17M.
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