Investing.com - Land Securities reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Land Securities announced earnings per share of £-0.93 on revenue of £372.0M. Analysts polled by Investing.com anticipated EPS of £29.78 on revenue of £371.31M. That with comparison to EPS of £-0.22 on revenue of £379.0M in the same period a year before.
Land Securities shares are down 44% from the beginning of the year , still down 45.88% from its 52 week high of £1,019.50 set on December 13, 2019. They are under-performing the STOXX 600 which is down 18.23% year to date.
Land Securities follows other major Services sector earnings this month
Land Securities's report follows an earnings missed by Associated British Foods on April 21, who reported EPS of £0.28 on revenue of £7.65B, compared to forecasts EPS of £56.91 on revenue of £7,746M.
J Sainsbury had missed expectations on April 30 with fourth quarter EPS of £0.07 on revenue of £13.90B, compared to forecast for EPS of £17.93 on revenue of £13,841M.
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