Investing.com - BAE Systems (OTC:BAESF) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
BAE Systems announced earnings per share of £0.219 on revenue of £10.04B. Analysts polled by Investing.com anticipated EPS of £19.92 on revenue of £9,952M.
BAE Systems shares are up 17% from the beginning of the year, still down 2.42% from its 52 week high of £587.00 set on July 29. They are outperforming the TR UK 50 which is up 7.05% from the start of the year.
BAE Systems follows other major Industrials sector earnings this month
BAE Systems's report follows an earnings missed by Larsen&Toubro on Monday, who reported EPS of £0.1129 on revenue of £3.94B, compared to forecasts EPS of £0.1527 on revenue of £4.03B.
Ryanair had beat expectations on Monday with second quarter EPS of £-0.2416 on revenue of £370.5M, compared to forecast for EPS of £-0.2437 on revenue of £392.62M.
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