Investing.com - Meggitt (LON:MGGT) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Meggitt announced earnings per share of £0 on revenue of £809.2M. Analysts polled by Investing.com anticipated EPS of £11.00 on revenue of £921.92M.
Meggitt shares are down 27% from the beginning of the year, still down 10.43% from its 52 week high of £846.00 set on August 11, 2021. They are under-performing the STOXX 600 which is down 10.34% from the start of the year.
Meggitt follows other major Industrials sector earnings this month
Meggitt's report follows an earnings missed by BAE Systems on February 24, who reported EPS of £0.24 on revenue of £10.18B, compared to forecasts EPS of £22.01 on revenue of £11,338M.
Bunzl had beat expectations on Monday with fourth quarter EPS of £0.69 on revenue of £5.42B, compared to forecast for EPS of £0.30 on revenue of £5,137M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar