Investing.com - Persimmon (LON:PSN) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Persimmon announced earnings per share of £0.74 on revenue of £1.19B. Analysts polled by Investing.com anticipated EPS of £74.00 on revenue of £1,206M.
Persimmon shares are down 82% from the beginning of the year, still down 15.20% from its 52 week high of £3,328.00 set on February 20. They are under-performing the STOXX 600 which is down 11.7% from the start of the year.
Persimmon follows other major Capital Goods sector earnings this month
Persimmon's report follows an earnings missed by BAE Systems on July 30, who reported EPS of £0.17 on revenue of £9.18B, compared to forecasts EPS of £18.31 on revenue of £283.00M.
Taylor Wimpey had missed expectations on July 29 with second quarter EPS of £-0.01 on revenue of £754.6M, compared to forecast for EPS of £3.02 on revenue of £1,165M.
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