Investing.com - Redrow reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Redrow announced earnings per share of £0.96 on revenue of £2.14B. Analysts polled by Investing.com anticipated EPS of £0.17 on revenue of £1,038M.
Redrow shares are down 31.36% from the beginning of the year, still down 35.31% from its 52 week high of £743.60 set on September 17, 2021.
Redrow shares gained 1.01% in intra-day trade following the report.
Redrow follows other major Consumer Discretionary sector earnings this month
Redrow's report follows an earnings missed by Persimmon on August 17, who reported EPS of £0.1059 on revenue of £1.68B, compared to forecasts EPS of £15.00 on revenue of £1,801M.
Berkeley had missed expectations on December 6, 2021 with second quarter EPS of £1.46 on revenue of £895.9M, compared to forecast for EPS of £188.41 on revenue of £1,219M.
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