Investing.com - Aveva reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Aveva announced earnings per share of £0.11 on revenue of £820.4M. Analysts polled by Investing.com anticipated EPS of £59.92 on revenue of £486.59M.
Aveva shares are up 3.34% from the beginning of the year, still down 22.66% from its 52 week high of £4,302.95 set on August 27, 2020. They are under-performing the STOXX 600 which is up 11.57% from the start of the year.
Aveva follows other major Technology sector earnings this month
Aveva's report follows an earnings missed by BT Group on May 13, who reported EPS of £0.0393 on revenue of £5.29B, compared to forecasts EPS of £0.0475 on revenue of £5.29B.
Eleco had missed expectations on May 10 with first quarter EPS of £0.02 on revenue of £13.02M, compared to forecast for EPS of £2.28 on revenue of £12.90M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar