Investing.com - Bunzl (OTC:BZLFY) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Bunzl announced earnings per share of £0.66 on revenue of £5.65B. Analysts polled by Investing.com anticipated EPS of £70.72 on revenue of £5,091M.
Bunzl shares are up 1% from the beginning of the year, still down 10.00% from its 52 week high of £3,249.00 set on August 24. They are under-performing the TR UK 50 which is up 2.78% from the start of the year.
Bunzl follows other major Industrials sector earnings this month
Bunzl's report follows an earnings missed by Spirax-Sarco Engineering on August 11, who reported EPS of £1.32 on revenue of £750.1M, compared to forecasts EPS of £183.02 on revenue of £711.35M.
Rolls-Royce Holdings had missed expectations on August 4 with second quarter EPS of £-0.1929 on revenue of £5.60B, compared to forecast for EPS of £2.25 on revenue of £5,226M.
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