Investing.com - Rotork reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Rotork announced earnings per share of £0.05 on revenue of £288.3M. Analysts polled by Investing.com anticipated EPS of £5.14 on revenue of £281.53M.
Rotork shares are up 30.96% from the beginning of the year, still down 11.48% from its 52 week high of £381.40 set on March 11. They are outperforming the STOXX 600 which is up 16.63% from the start of the year.
Rotork follows other major Industrials sector earnings this month
Rotork's report follows an earnings missed by Relx on July 29, who reported EPS of £0.34 on revenue of £3.39B, compared to forecasts EPS of £40.30 on revenue of £3,430M.
Larsen&Toubro had missed expectations on July 26 with second quarter EPS of £0.1129 on revenue of £3.94B, compared to forecast for EPS of £0.1148 on revenue of £3.94B.
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