Investing.com - Ferguson reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ferguson announced earnings per share of $1.93 on revenue of $6.51B. Analysts polled by Investing.com anticipated EPS of $1.89 on revenue of $6.11B.
Ferguson shares are down 12% from the beginning of the year, still down 16.13% from its 52 week high of $13,640.00 set on January 4. They are under-performing the FTSE 100 which is down 4.04% from the start of the year.
Ferguson shares lost 1.97% in intra-day trade following the report.
Ferguson follows other major Industrials sector earnings this month
Ferguson's report follows an earnings missed by BAE Systems on February 24, who reported EPS of $0.24 on revenue of $10.18B, compared to forecasts EPS of $22.01 on revenue of $11,338M.
Bunzl had beat expectations on February 28 with fourth quarter EPS of $0.69 on revenue of $5.42B, compared to forecast for EPS of $0.30 on revenue of $5,137M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar