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 £0.19 on revenue of £9.74B. Analysts polled by Investing.com anticipated EPS of £20.61 on revenue of £10,439M.
BAE Systems shares are up 12% from the beginning of the year, still down 8.03% from its 52 week high of £847.42 set on July 4. They are outperforming the OMX Helsinki 25 which is down 14.94% 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 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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