Investing.com - Bunzl (OTC:BZLFY) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bunzl announced earnings per share of £0.77 on revenue of £4.87B. Analysts polled by Investing.com anticipated EPS of £0.30 on revenue of £4,732M.
Bunzl shares are up 7% from the beginning of the year, still down 2.73% from its 52 week high of £2,710.00 set on October 14, 2020. They are under-performing the FTSE 100 which is up 10.2% from the start of the year.
Bunzl follows other major Basic Materials sector earnings this month
Bunzl's report follows an earnings missed by Spirax-Sarco Engineering on August 11, who reported EPS of £1.47 on revenue of £643.7M, compared to forecasts EPS of £145.81 on revenue of £647.06M.
Synthomer had missed expectations on August 5 with second quarter EPS of £0.47 on revenue of £1.23B, compared to forecast for EPS of £29.80 on revenue of £1,157M.
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