Investing.com - Derwent reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Derwent announced earnings per share of £1.2 on revenue of £122.3M. Analysts polled by Investing.com anticipated EPS of £48.97 on revenue of £119.75M.
Derwent shares are down 27% from the beginning of the year, still down 29.92% from its 52 week high of £3,850.00 set on September 7, 2021. They are under-performing the STOXX 600 which is down 9.77% from the start of the year.
Derwent follows other major Real Estate sector earnings this month
Derwent's report follows an earnings missed by Segro on July 28, who reported EPS of £1.1 on revenue of £330.0M, compared to forecasts EPS of £16.00 on revenue of £247.01M.
Hammerson had missed expectations on July 28 with second quarter EPS of £0.01 on revenue of £43.90M, compared to forecast for EPS of £0.65 on revenue of £107.08M.
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