Investing.com - IMI (LON:IMI) PLC reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
IMI PLC announced earnings per share of £0.37 on revenue of £528M. Analysts polled by Investing.com anticipated EPS of £44.83 on revenue of £972.20M.
IMI PLC shares are down 22% from the beginning of the year, still down 28.91% from its 52 week high of £1,878.00 set on November 18, 2021. They are under-performing the FTSE 100 which is up 0.53% from the start of the year.
IMI PLC follows other major Industrials sector earnings this month
IMI PLC's report follows an earnings missed by Relx on Thursday, who reported EPS of £0.39 on revenue of £3.97B, compared to forecasts EPS of £57.54 on revenue of £4,022M.
Larsen&Toubro had missed expectations on Tuesday with second quarter EPS of £0.1514 on revenue of £4.49B, compared to forecast for EPS of £0.1638 on revenue of £4.36B.
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