Investing.com - Asos reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Asos announced earnings per share of £0.82 on revenue of £1.98B. Analysts polled by Investing.com anticipated EPS of £31.30 on revenue of £1,924M.
Asos shares are up 16.87% from the beginning of the year, still down 6.75% from its 52 week high of £5,994.95 set on March 23. They are outperforming the EUR/USD which is down 0% from the start of the year.
Asos follows other major Services sector earnings this month
Asos's report follows an earnings missed by Carnival on Wednesday, who reported EPS of £-1.26 on revenue of £18.86M, compared to forecasts EPS of £-1.12 on revenue of £144.88M.
WPP had beat expectations on March 11 with first quarter EPS of £0.4437 on revenue of £2.69B, compared to forecast for EPS of £0.42 on revenue of £2.69B.
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