Investing.com - Pearson reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pearson announced earnings per share of £22.5 on revenue of £1,788M. Analysts polled by Investing.com anticipated EPS of £19.28 on revenue of £1,730M.
Pearson shares are up 31% from the beginning of the year, still down 8.78% from its 52 week high of £883.60 set on August 2, 2021. They are outperforming the FTSE 100 which is up 0.97% from the start of the year.
Pearson shares gained 6.53% in intra-day trade following the report.
Pearson follows other major Communication Services sector earnings this month
Pearson's report follows an earnings missed by BT Group on Thursday, who reported EPS of £0.0361 on revenue of £5.13B, compared to forecasts EPS of £0.0424 on revenue of £5.1B.
Rightmove had missed expectations on Thursday with second quarter EPS of £0.12 on revenue of £162.7M, compared to forecast for EPS of £7.18 on revenue of £110.90M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar