Investing.com - IWG reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IWG announced earnings per share of £-0.09 on revenue of £1.16B. Analysts polled by Investing.com anticipated EPS of £-4.90 on revenue of £1,136M.
IWG shares are down 12% from the beginning of the year, still down 33.65% from its 52 week high of £384.30 set on May 10, 2021. They are outperforming the STOXX 600 which is down 14.92% from the start of the year.
IWG follows other major Real Estate sector earnings this month
IWG's report follows an earnings missed by Segro on February 18, who reported EPS of £2.28 on revenue of £300.0M, compared to forecasts EPS of £14.70 on revenue of £226.78M.
Derwent had missed expectations on February 24 with fourth quarter EPS of £1.18 on revenue of £119.8M, compared to forecast for EPS of £52.84 on revenue of £113.89M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar