Investing.com - Babcock International reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Babcock International announced earnings per share of £0.1 on revenue of £2.11B. Analysts polled by Investing.com anticipated EPS of £32.57 on revenue of £2,411M.
Babcock International shares are down 44.26% from the beginning of the year, still down 46.83% from its 52 week high of £659.80 set on December 13, 2019. They are under-performing the EUR/USD which is down 0% from the start of the year.
Babcock International follows other major Transportation sector earnings this month
Babcock International's report follows an earnings beat by IAG on October 30, who reported EPS of £-0.4299 on revenue of £1.1B, compared to forecasts EPS of £-0.5475 on revenue of £1.44B.
EasyJet had beat expectations on November 17 with fourth quarter EPS of £-1.79 on revenue of £620M, compared to forecast for EPS of £-114.95 on revenue of £620M.
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