Investing.com - ITM Power reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ITM Power announced earnings per share of £-0.05 on revenue of £1.47M. Analysts polled by Investing.com anticipated EPS of £-3.50 on revenue of £18.78M.
ITM Power shares are down 45.84% from the beginning of the year, still down 78.15% from its 52 week high of £527.50 set on November 10, 2021.
ITM Power follows other major Industrials sector earnings this month
ITM Power's report follows an earnings missed by Bunzl on August 30, who reported EPS of £0.66 on revenue of £5.65B, compared to forecasts EPS of £70.72 on revenue of £5,091M.
Melrose Industries had missed expectations on September 8 with second quarter EPS of £-0.06 on revenue of £3.59B, compared to forecast for EPS of £2.28 on revenue of £3,496M.
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