Investing.com - Bodycote reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bodycote announced earnings per share of £0.16 on revenue of £312.9M. Analysts polled by Investing.com anticipated EPS of £13.45 on revenue of £323.80M.
Bodycote shares are up 26% from the beginning of the year, still down 1.81% from its 52 week high of £914.00 set on July 29. They are outperforming the TR UK 50 which is up 8.06% from the start of the year.
Bodycote follows other major Industrials sector earnings this month
Bodycote's report follows an earnings missed by Relx on Thursday, who reported EPS of £0.34 on revenue of £3.39B, compared to forecasts EPS of £40.30 on revenue of £3,430M.
Larsen&Toubro had missed expectations on Monday with second quarter EPS of £0.1129 on revenue of £3.94B, compared to forecast for EPS of £0.1527 on revenue of £4.03B.
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