Investing.com - Land Securities reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Land Securities announced earnings per share of £-1.13 on revenue of £327.0M. Analysts polled by Investing.com anticipated EPS of £31.03 on revenue of £373.92M.
Land Securities shares are down 30% from the beginning of the year, still down 32.88% from its 52 week high of £1,019.50 set on December 13, 2019. They are under-performing the STOXX 600 which is down 7.56% from the start of the year.
Land Securities follows other major Services sector earnings this month
Land Securities's report follows an earnings beat by Associated British Foods on November 3, who reported EPS of £0.3 on revenue of £3.95B, compared to forecasts EPS of £-13.15 on revenue of £3.95B.
Whitbread had missed expectations on October 27 with second quarter EPS of £-3.77 on revenue of £250.5M, compared to forecast for EPS of £127.84 on revenue of £1,079M.
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