Investing.com - Meggitt (LON:MGGT) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Meggitt announced earnings per share of £0.04 on revenue of £680.0M. Analysts polled by Investing.com anticipated EPS of £5.46 on revenue of £669.92M.
Meggitt shares are up 57% from the beginning of the year and are trading at £735.00 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 16.4% from the start of the year.
Meggitt follows other major Industrials sector earnings this month
Meggitt's report follows an earnings missed by Relx on Thursday, who reported EPS of £0.34 on revenue of £3.39B, compared to forecasts EPS of £40.30 on revenue of £3,430M.
Larsen&Toubro had missed expectations on Monday, July 26, 2021 with second quarter EPS of £0.1129 on revenue of £3.94B, compared to forecast for EPS of £0.1148 on revenue of £3.94B.
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