Investing.com - Babcock International reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Babcock International announced earnings per share of £0.22 on revenue of £1.88B. Analysts polled by Investing.com anticipated EPS of £21.41 on revenue of £2,011M.
Babcock International shares are down 4% from the beginning of the year, still down 13.30% from its 52 week high of £388.47 set on September 27, 2021. They are outperforming the STOXX 600 which is down 10.65% from the start of the year.
Babcock International follows other major Industrials sector earnings this month
Babcock International's report follows an earnings missed by Relx on Thursday, 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 Tuesday with second quarter EPS of £0.1514 on revenue of £4.49B, compared to forecast for EPS of £0.1638 on revenue of £4.36B.
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