Investing.com - InterContinental reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
InterContinental announced earnings per share of $0.121 on revenue of $840M. Analysts polled by Investing.com anticipated EPS of $1.73 on revenue of $842.42M.
InterContinental shares are up 2% from the beginning of the year and are trading at $4,920.0 , down-from-52-week-high.They are outperforming the FTSE 100 which is up 1.3% from the start of the year.
InterContinental shares lost 1.91% in intra-day trade following the report.
InterContinental follows other major Consumer Discretionary sector earnings this month
InterContinental's report follows an earnings beat by Hyundai Motor DRC on Thursday, July 21, 2022, who reported EPS of $3.14 on revenue of $27.53B, compared to forecasts EPS of $3 on revenue of $25.63B.
Mahindra and Mahindra had missed expectations on Friday with second quarter EPS of $0.1552 on revenue of $2.47B, compared to forecast for EPS of $0.1599 on revenue of $2.51B.
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