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 £1.05 on revenue of £15.36B. Analysts polled by Investing.com anticipated EPS of £102.98 on revenue of £3,993M.
Imperial Brands shares are up 14% from the beginning of the year, still down 0.35% from its 52 week high of £1,854.00 set on May 17. They are outperforming the TR UK 50 which is up 4.88% from the start of the year.
Imperial Brands follows other major Consumer Staples sector earnings this month
Imperial Brands's report follows an earnings beat by Associated British Foods on April 26, who reported EPS of £63.8 on revenue of £7,882M, compared to forecasts EPS of £36.81 on revenue of £7,831M.
Coca Cola HBC AG had beat expectations on May 12 with first quarter EPS of £0.2655 on revenue of £1.77B, compared to forecast for EPS of £0.2606 on revenue of £1.62B.
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