Investing.com - Bunzl (OTC:BZLFY) reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Bunzl announced earnings per share of £0.73 on revenue of £5.26B. Analysts polled by Investing.com anticipated EPS of £71.65 on revenue of £4,823M.
Bunzl shares are down 7% from the beginning of the year, still down 16.79% from its 52 week high of £2,710.00 set on October 14, 2020. They are under-performing the STOXX 600 which is up 3.36% from the start of the year.
Bunzl follows other major Basic Materials sector earnings this month
Bunzl's report follows an earnings missed by Severstal DRC on February 4, who reported EPS of £0.47 on revenue of £1.72B, compared to forecasts EPS of £0.4833 on revenue of £1.8B.
IMI PLC had missed expectations on Friday with fourth quarter EPS of £0.35 on revenue of £958.0M, compared to forecast for EPS of £38.78 on revenue of £918.40M.
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