Investing.com - Pearson reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pearson announced earnings per share of £0.02 on revenue of £1.60B. Analysts polled by Investing.com anticipated EPS of £8.40 on revenue of £1,577M.
Pearson shares are up 27% from the beginning of the year, still down 4.36% from its 52 week high of £909.00 set on January 27. They are outperforming the STOXX 600 which is up 15.72% from the start of the year.
Pearson follows other major Communication Services sector earnings this month
Pearson's report follows an earnings missed by Informa on Thursday, who reported EPS of £-0.06 on revenue of £688.9M, compared to forecasts EPS of £1.10 on revenue of £978.05M.
Rightmove had missed expectations on Friday with second quarter EPS of £0.11 on revenue of £149.9M, compared to forecast for EPS of £4.11 on revenue of £80.37M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar