Investing.com - Pearson reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pearson announced earnings per share of £0.19 on revenue of £1.83B. Analysts polled by Investing.com anticipated EPS of £23.34 on revenue of £1,877M.
Pearson shares are up 2.86% from the beginning of the year and are trading at £672.60 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 7.03% from the start of the year.
Pearson follows other major Communication Services sector earnings this month
Pearson's report follows an earnings beat by BT Group on Thursday, February 3, 2022, who reported EPS of £0.044 on revenue of £5.37B, compared to forecasts EPS of £0.0438 on revenue of £5.38B.
WPP had missed expectations on Thursday with fourth quarter EPS of £0.443 on revenue of £5.09B, compared to forecast for EPS of £0.49 on revenue of £2.86B.
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