Investing.com - DS Smith reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
DS Smith announced earnings per share of £0.05 on revenue of £2.89B. Analysts polled by Investing.com anticipated EPS of £17.80 on revenue of £3,351M.
DS Smith shares are down 3% from the beginning of the year, still down 6.46% from its 52 week high of £397.80 set on December 13, 2019. They are outperforming the FTSE 100 which is down 12.5% from the start of the year.
DS Smith follows other major Basic Materials sector earnings this month
DS Smith's report follows an earnings missed by Johnson Matthey on November 19, who reported EPS of £0.12 on revenue of £6.98B, compared to forecasts EPS of £100.13 on revenue of £2,095M.
Victrex had missed expectations on Wednesday with fourth quarter EPS of £0.15 on revenue of £55.7M, compared to forecast for EPS of £27.45 on revenue of £109.70M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar