Investing.com - Rexel reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Rexel announced earnings per share of €0.89 on revenue of €3.73B. Analysts polled by Investing.com anticipated EPS of €0.2355 on revenue of €3.63B.
Rexel shares are up 40% from the beginning of the year, still down 5.12% from its 52 week high of €18.48 set on June 15. They are outperforming the STOXX 600 which is up 15.71% from the start of the year.
Rexel follows other major Industrials sector earnings this month
Rexel's report follows an earnings missed by Teleperformance on Wednesday, who reported EPS of €4.31 on revenue of €1.71B, compared to forecasts EPS of €4.71 on revenue of €1.77B.
Bureau Veritas had matched expectations on Wednesday with second quarter EPS of €0.43 on revenue of €2.42B, compared to forecast for EPS of €0.43 on revenue of €2,347M.
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