Investing.com - Rexel reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Rexel announced earnings per share of €-1.46 on revenue of €2.82B. Analysts polled by Investing.com anticipated EPS of €0.21 on revenue of €2.66B.
Rexel shares are down 7% from the beginning of the year , still down 18.12% from its 52 week high of €13.41 set on February 17. They are outperforming the STOXX 600 which is down 11.58% from the start of the year.
Rexel follows other major Technology sector earnings this month
Rexel's report follows an earnings beat by Dassault Systemes on July 23, who reported EPS of €0.8 on revenue of €1.07B, compared to forecasts EPS of €0.76 on revenue of €1.07B.
STMicroelectronics had beat expectations on July 23 with second quarter EPS of €0.09 on revenue of €1.8B, compared to forecast for EPS of €0.05 on revenue of €1.79B.
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