Investing.com - Renishaw reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Renishaw announced earnings per share of £-0.1 on revenue of £120.2M. Analysts polled by Investing.com anticipated EPS of £40.70 on revenue of £141.2M.
Renishaw shares are up 29.46% from the beginning of the year, still down 8.74% from its 52 week high of £5,345.00 set on August 7. They are outperforming the EUR/USD which is down 0% from the start of the year.
Renishaw follows other major Technology sector earnings this month
Renishaw's report follows an earnings missed by BT Group on July 31, who reported EPS of £0.03 on revenue of £5.25B, compared to forecasts EPS of £0.04 on revenue of £5.24B.
Mail.ru Group had missed expectations on July 23 with second quarter EPS of £-0.17 on revenue of £323.35M, compared to forecast for EPS of £-0.03 on revenue of £325.91M.
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