Investing.com - Land Securities reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Land Securities announced earnings per share of £-0.75 on revenue of £308.0M. Analysts polled by Investing.com anticipated EPS of £23.18 on revenue of £311.61M.
Land Securities shares are up 5% from the beginning of the year, still down 4.82% from its 52 week high of £755.60 set on May 10. They are under-performing the STOXX 600 which is up 11.03% from the start of the year.
Land Securities follows other major Services sector earnings this month
Land Securities's report follows an earnings missed by Compass on May 12, who reported EPS of £0.06 on revenue of £4.24B, compared to forecasts EPS of £8.55 on revenue of £4.24B.
Associated British Foods had missed expectations on April 20 with second quarter EPS of £0.21 on revenue of £6.31B, compared to forecast for EPS of £17.31 on revenue of £6,698M.
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