Investing.com - Rightmove reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Rightmove announced earnings per share of £0.07 on revenue of £110.9M. Analysts polled by Investing.com anticipated EPS of £6.96 on revenue of £110.50M.
Rightmove shares are up 21.43% from the beginning of the year and are trading at £565.00 , down-from-52-week-high.They are outperforming the FTSE 100 which is up 0.35% from the start of the year.
Rightmove follows other major Technology sector earnings this month
Rightmove's report follows an earnings beat by BT Group on Thursday, February 4, 2021, who reported EPS of £0.0407 on revenue of £5.48B, compared to forecasts EPS of £0.0405 on revenue of £5.45B.
Renishaw had missed expectations on Thursday, February 4, 2021 with second quarter EPS of £0.72 on revenue of £255.1M, compared to forecast for EPS of £38.33 on revenue of £256.23M.
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