Investing.com - Heineken (OTC:HEINY) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Heineken announced earnings per share of €-0.52 on revenue of €9.24B. Analysts polled by Investing.com anticipated EPS of €1.31 on revenue of €21,240M.
Heineken shares are down 15% from the beginning of the year , still down 23.28% from its 52 week high of €105.00 set on February 19. They are under-performing the AEX which is down 7.75% from the start of the year.
Heineken follows other major Consumer/Non-Cyclical sector earnings this month
Heineken's report follows an earnings matched by Unilever NV on July 23, who reported EPS of €1.24 on revenue of €13.3B, compared to forecasts EPS of €1.24 on revenue of €12.55B.
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