Investing.com - Derwent reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Derwent announced earnings per share of £-0.08 on revenue of £119.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of £57.88 on revenue of £115.72M.
Derwent shares are down 27% from the beginning of the year and are trading at £2,924.0 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.84% from the start of the year.
Derwent follows other major Services sector earnings this month
Derwent's report follows an earnings missed by Relx on Thursday, July 23, 2020, who reported EPS of £0.28 on revenue of £3.50B, compared to forecasts EPS of £39.27 on revenue of £3,364M.
Ocado had beat expectations on Tuesday, July 14, 2020 with second quarter EPS of £-0.08 on revenue of £1.09B, compared to forecast for EPS of £-6.76 on revenue of £1,103M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar