Investing.com - IMI (LON:IMI) PLC reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
IMI PLC announced earnings per share of £0.42 on revenue of £959.0M. Analysts polled by Investing.com anticipated EPS of £49.11 on revenue of £965.70M.
IMI PLC shares are up 2.86% from the beginning of the year, still down 19.70% from its 52 week high of £1,878.00 set on November 18, 2021. They are outperforming the STOXX 600 which is down 7.03% 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 Larsen&Toubro on January 28, who reported EPS of £0.1947 on revenue of £5.27B, compared to forecasts EPS of £0.2248 on revenue of £5.23B.
BAE Systems had missed expectations on Thursday with fourth quarter EPS of £0.24 on revenue of £10.18B, compared to forecast for EPS of £22.01 on revenue of £11,338M.
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