Investing.com - Pearson reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pearson announced earnings per share of £0.35 on revenue of £1.91B. Analysts polled by Investing.com anticipated EPS of £32.79 on revenue of £1,913M.
Pearson shares are up 18% from the beginning of the year, still down 11.02% from its 52 week high of £909.00 set on January 27. They are outperforming the STOXX 600 which is up 4.56% 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 February 11, who reported EPS of £0.35 on revenue of £3.61B, compared to forecasts EPS of £34.29 on revenue of £3,652M.
Flutter Entertainment had missed expectations on March 2 with fourth quarter EPS of £0.12 on revenue of £2.88B, compared to forecast for EPS of £153.41 on revenue of £2,321M.
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