Investing.com - Pearson reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Pearson announced earnings per share of £0.06 on revenue of £1.49B. Analysts polled by Investing.com anticipated EPS of £-5.89 on revenue of £1,579M.
Pearson shares are down 25.12% from the beginning of the year , still down 42.75% from its 52 week high of £951.20 set on July 29, 2019. They are under-performing the OMX Helsinki 25 which is down 1.12% from the start of the year.
Pearson follows other major Services sector earnings this month
Pearson's report follows an earnings missed by Relx on Thursday, who reported EPS of £0.28 on revenue of £3.50B, compared to forecasts EPS of £39.27 on revenue of £3,364M.
Ocado had beat expectations on July 14 with second quarter EPS of £-0.08 on revenue of £1.09B, compared to forecast for EPS of £-6.76 on revenue of £1,103M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar