Spirax-Sarco Engineering Earnings Miss, Revenue Beats In Q2 By Investing.com

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Spirax-Sarco Engineering Earnings Miss, Revenue Beats In Q2

Aug 12, 2022 02:17AM ET

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Investing.com - Spirax-Sarco Engineering reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Spirax-Sarco Engineering announced earnings per share of £1.32 on revenue of £750.1M. Analysts polled by Investing.com anticipated EPS of £183.02 on revenue of £711.35M.

Spirax-Sarco Engineering shares are up 10% from the beginning of the year, still down 32.34% from its 52 week high of £17,225.00 set on November 15, 2021. They are outperforming the AEX which is down 9.04% from the start of the year.

Spirax-Sarco Engineering follows other major Industrials sector earnings this month

Spirax-Sarco Engineering's report follows an earnings missed by Relx on July 28, who reported EPS of £0.39 on revenue of £3.97B, compared to forecasts EPS of £57.54 on revenue of £4,022M.

Larsen&Toubro had missed expectations on July 26 with second quarter EPS of £0.1514 on revenue of £4.49B, compared to forecast for EPS of £0.1665 on revenue of £4.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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