Investing.com - Serco reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Serco announced earnings per share of £0.05 on revenue of £2.06B. Analysts polled by Investing.com anticipated EPS of £3.20 on revenue of £1,917M.
Serco shares are up 37.35% from the beginning of the year, still down 22.40% from its 52 week high of £171.65 set on August 6, 2020. They are outperforming the EUR/USD which is down 0% from the start of the year.
Serco follows other major Services sector earnings this month
Serco's report follows an earnings missed by Relx on February 11, who reported EPS of £0.35 on revenue of £3.61B, compared to forecasts EPS of £34.29 on revenue of £3,652M.
Ocado had beat expectations on February 9 with fourth quarter EPS of £-0.09 on revenue of £1.25B, compared to forecast for EPS of £-0.13 on revenue of £1,221M.
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