Investing.com - Segro reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Segro announced earnings per share of £0.19 on revenue of £198.1M. Analysts polled by Investing.com anticipated EPS of £12.57 on revenue of £176.48M.
Segro shares are up 10% from the beginning of the year, still down 0.90% from its 52 week high of £996.60 set on August 5. They are outperforming the STOXX 600 which is down 12.19% from the start of the year.
Segro follows other major Transportation sector earnings this month
Segro's report follows an earnings missed by IAG on July 31, who reported EPS of £-0.64 on revenue of £633.37M, compared to forecasts EPS of £-0.6 on revenue of £573.48M.
FirstGroup had missed expectations on July 8 with second quarter EPS of £-0.13 on revenue of £4.22B, compared to forecast for EPS of £11.18 on revenue of £4,037M.
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