Investing.com - Redrow reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Redrow announced earnings per share of £0.17 on revenue of £469.0M. Analysts polled by Investing.com anticipated EPS of £0.17 on revenue of £1,094M.
Redrow shares are down 18% from the beginning of the year, still down 47.32% from its 52 week high of £850.76 set on February 20. They are outperforming the IBEX 35 which is down 25.54% from the start of the year.
Redrow follows other major Capital Goods sector earnings this month
Redrow's report follows an earnings missed by Barratt Developments on September 2, who reported EPS of £0.06 on revenue of £1.15B, compared to forecasts EPS of £0.17 on revenue of £2,737M.
Rolls-Royce Holdings had beat expectations on August 27 with second quarter EPS of £-2.8 on revenue of £5.82B, compared to forecast for EPS of £-5.27 on revenue of £5,672M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar