Investing.com - Luxfer (NYSE:LXFR) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Luxfer announced earnings per share of $0.3 on revenue of $103.8M. Analysts polled by Investing.com anticipated EPS of $0.21 on revenue of $95.65M. That with comparison to EPS of $0.45 on revenue of $116.5M in the same period a year before. Luxfer had reported EPS of $0.3 on revenue of $103.8M in the previous quarter. Analysts are expecting EPS of $0.29 and revenue of $99.93M in the upcoming quarter.
Luxfer shares are down 71.73% from the beginning of the year , still down 45.29% from its 52 week high of $25.70 set on July 3, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Luxfer follows other major Capital Goods sector earnings this month
Luxfer's report follows an earnings beat by Raytheon Technologies on May 7, who reported EPS of $1.78 on revenue of $18.21B, compared to forecasts EPS of $1.01 on revenue of $17.49B.
Deere&Company had matched expectations on May 22 with second quarter EPS of $2.11 on revenue of $8.22B, compared to forecast for EPS of $2.11 on revenue of $7.89B.
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