Investing.com - BAE Systems (OTC:BAESF) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
BAE Systems announced earnings per share of £0.24 on revenue of £10.18B. Analysts polled by Investing.com anticipated EPS of £22.01 on revenue of £11,338M.
BAE Systems shares are down 0% from the beginning of the year, still down 1.27% from its 52 week high of £639.92 set on February 24. They are outperforming the STOXX 600 which is down 10.01% 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 January 28, who reported EPS of £0.1947 on revenue of £5.27B, compared to forecasts EPS of £0.2248 on revenue of £5.23B.
Ryanair had missed expectations on January 31 with fourth quarter EPS of £-0.0847 on revenue of £1.47B, compared to forecast for EPS of £-0.075 on revenue of £1.52B.
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