Investing.com - Tesco (OTC:TSCDY) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tesco announced earnings per share of £0.04 on revenue of £29.17B. Analysts polled by Investing.com anticipated EPS of £8.15 on revenue of £31,819M.
Tesco shares are down 1.73% from the beginning of the year, still down 12.41% from its 52 week high of £259.62 set on May 12, 2020. They are under-performing the FTSE 100 which is up 7.42% from the start of the year.
Tesco follows other major Services sector earnings this month
Tesco's report follows an earnings missed by Carnival on April 7, who reported EPS of £-1.29 on revenue of £18.86M, compared to forecasts EPS of £-1.2 on revenue of £18.86M.
Next had missed expectations on April 1 with first quarter EPS of £2.3 on revenue of £2.24B, compared to forecast for EPS of £209.12 on revenue of £2,119M.
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