Investing.com - Tesco (OTC:TSCDY) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tesco announced earnings per share of £0.11 on revenue of £30.42B. Analysts polled by Investing.com anticipated EPS of £6.25 on revenue of £31,745M.
Tesco shares are up 16.01% from the beginning of the year, still down 1.67% from its 52 week high of £272.59 set on October 6. They are outperforming the FTSE 100 which is up 8.29% from the start of the year.
Tesco follows other major Services sector earnings this month
Tesco's report follows an earnings missed by Ashtead Group on September 16, who reported EPS of £0.71 on revenue of £1.85B, compared to forecasts EPS of £32.00 on revenue of £1,159M.
Carnival had missed expectations on September 30 with third quarter EPS of £-1.75 on revenue of £546M, compared to forecast for EPS of £-1.55 on revenue of £670.38M.
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