Investing.com - Meggitt (LON:MGGT) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Meggitt announced earnings per share of £0 on revenue of £821.0M. Analysts polled by Investing.com anticipated EPS of £7.82 on revenue of £771.29M.
Meggitt shares are up 7% from the beginning of the year, still down 6.62% from its 52 week high of £846.00 set on August 11, 2021. They are outperforming the STOXX 600 which is down 9.99% from the start of the year.
Meggitt follows other major Industrials sector earnings this month
Meggitt's report follows an earnings missed by Relx on July 28, who reported EPS of £0.39 on revenue of £3.97B, compared to forecasts EPS of £57.54 on revenue of £4,022M.
Larsen&Toubro had missed expectations on July 26 with second quarter EPS of £0.1514 on revenue of £4.49B, compared to forecast for EPS of £0.1665 on revenue of £4.38B.
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