Investing.com - Wolters Kluwer reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wolters Kluwer announced earnings per share of €1.4 on revenue of €2.29B. Analysts polled by Investing.com anticipated EPS of €1.51 on revenue of €2,469M.
Wolters Kluwer shares are down 26% from the beginning of the year, still down 2.96% from its 52 week high of €72.20 set on June 1. They are under-performing the STOXX 600 which is down 12.19% from the start of the year.
Wolters Kluwer follows other major Technology sector earnings this month
Wolters Kluwer's report follows an earnings missed by ASML Holding on July 15, who reported EPS of €1.79 on revenue of €3.33B, compared to forecasts EPS of €2.01 on revenue of €3.4B.
ASM had beat expectations on July 28 with second quarter EPS of €1.5 on revenue of €341.81M, compared to forecast for EPS of €1.42 on revenue of €327.71M.
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