Investing.com - Imperial Brands (OTC:IMBBY) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Imperial Brands announced earnings per share of £1.08 on revenue of £17.22B. Analysts polled by Investing.com anticipated EPS of £138.10 on revenue of £4,665M.
Imperial Brands shares are up 1% from the beginning of the year, still down 7.90% from its 52 week high of £1,686.00 set on May 26. They are under-performing the STOXX 600 which is up 22.78% from the start of the year.
Imperial Brands follows other major Consumer Staples sector earnings this month
Imperial Brands's report follows an earnings missed by Associated British Foods on November 9, who reported EPS of £0.4 on revenue of £4.18B, compared to forecasts EPS of £45.63 on revenue of £4.18B.
Coca Cola HBC AG had beat expectations on November 3 with third quarter EPS of £0.3052 on revenue of £2.12B, compared to forecast for EPS of £0.296 on revenue of £2.06B.
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