Investing.com - Taylor Wimpey (LON:TW) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Taylor Wimpey announced earnings per share of £0.06 on revenue of £2.20B. Analysts polled by Investing.com anticipated EPS of £13.00 on revenue of £1,569M.
Taylor Wimpey shares are up 22% from the beginning of the year, still down 13.31% from its 52 week high of £193.80 set on April 16. They are outperforming the STOXX 600 which is up 17.34% from the start of the year.
Taylor Wimpey follows other major Consumer Discretionary sector earnings this month
Taylor Wimpey's report follows an earnings beat by Hyundai Motor DRC on July 22, who reported EPS of £1.9 on revenue of £26.37B, compared to forecasts EPS of £1.82 on revenue of £25.55B.
Berkeley had missed expectations on June 23 with fourth quarter EPS of £1.87 on revenue of £1.31B, compared to forecast for EPS of £204.50 on revenue of £1,229M.
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