Investing.com - Intertek reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Intertek announced earnings per share of £0.94 on revenue of £489M. Analysts polled by Investing.com anticipated EPS of £83.44 on revenue of £492.6M.
Intertek shares are down 2% from the beginning of the year, still down 17.04% from its 52 week high of £6,492.00 set on October 5, 2020. They are under-performing the STOXX 600 which is up 3.56% from the start of the year.
Intertek follows other major Services sector earnings this month
Intertek's report follows an earnings missed by Relx on February 11, who reported EPS of £0.35 on revenue of £3.61B, compared to forecasts EPS of £34.29 on revenue of £3,652M.
Ashtead Group had beat expectations on Tuesday with third quarter EPS of £0.382 on revenue of £1.08B, compared to forecast for EPS of £0.351 on revenue of £1.19B.
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