Investing.com - BAE Systems (OTC:BAESF) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
BAE Systems announced earnings per share of £0.17 on revenue of £9.18B. Analysts polled by Investing.com anticipated EPS of £18.31 on revenue of £9,380M.
BAE Systems shares are down 10% from the beginning of the year , still down 24.94% from its 52 week high of £672.80 set on February 21. They are outperforming the TR UK 50 which is down 19.6% from the start of the year.
BAE Systems follows other major Capital Goods sector earnings this month
BAE Systems's report follows an earnings missed by Taylor Wimpey on Wednesday, who reported EPS of £-0.01 on revenue of £754.6M, compared to forecasts EPS of £3.02 on revenue of £1,165M.
Weir Group had missed expectations on Wednesday with second quarter EPS of £0.17 on revenue of £1.09B, compared to forecast for EPS of £26.07 on revenue of £1,084M.
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