Investing.com - Next reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Next announced earnings per share of £2.3 on revenue of £2.24B. Analysts polled by Investing.com anticipated EPS of £209.12 on revenue of £2,119M.
Next shares are up 14% from the beginning of the year, still down 1.43% from its 52 week high of £8,232.00 set on April 1. They are outperforming the FTSE 100 which is up 4.28% from the start of the year.
Next follows other major Services sector earnings this month
Next's report follows an earnings beat by WPP on March 11, who reported EPS of £0.4437 on revenue of £2.69B, compared to forecasts EPS of £0.42 on revenue of £2.69B.
Rentokil had missed expectations on March 4 with first quarter EPS of £0.07 on revenue of £786.2M, compared to forecast for EPS of £7.95 on revenue of £1,514M.
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