Investing.com - Imperial Brands (OTC:IMBBY) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Imperial Brands announced earnings per share of £0.55 on revenue of £14.67B. Analysts polled by Investing.com anticipated EPS of £103.05 on revenue of £5,889M. That with comparison to EPS of £0.71 on revenue of £14.39B in the same period a year before.
Imperial Brands shares are down 17% from the beginning of the year , still down 31.49% from its 52 week high of £2,256.00 set on September 12, 2019. They are outperforming the TR UK 50 which is down 18.93% year to date.
Imperial Brands follows other major Consumer/Non-Cyclical sector earnings this month
Imperial Brands's report follows an earnings missed by A.G Barr on September 25, 2018, who reported EPS of £0.13 on revenue of £136.9M, compared to forecasts EPS of £12.40 on revenue of £133.05M.
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