Investing.com - Qinetiq reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Qinetiq announced earnings per share of £0.11 on revenue of £720.3M. Analysts polled by Investing.com anticipated EPS of £12.60 on revenue of £723.60M.
Qinetiq shares are up 33.38% from the beginning of the year, still down 4.06% from its 52 week high of £369.80 set on May 13. They are outperforming the EUR/USD which is down 0% from the start of the year.
Qinetiq follows other major Industrials sector earnings this month
Qinetiq's report follows an earnings missed by Larsen&Toubro on May 12, who reported EPS of £0.3325 on revenue of £6.82B, compared to forecasts EPS of £0.3542 on revenue of £6.99B.
IAG had missed expectations on May 6 with first quarter EPS of £-0.163 on revenue of £3.44B, compared to forecast for EPS of £-0.1617 on revenue of £3.38B.
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