Investing.com - Asos reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Asos announced earnings per share of £-0.14 on revenue of £2.00B. Analysts polled by Investing.com anticipated EPS of £37.04 on revenue of £2,015M.
Asos shares are down 32.58% from the beginning of the year and are trading at £1,612.0 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Asos follows other major Consumer Discretionary sector earnings this month
Asos's report follows an earnings missed by Carnival on March 22, who reported EPS of £-1.65 on revenue of £1.62B, compared to forecasts EPS of £-1.21 on revenue of £2.26B.
Next had missed expectations on March 24 with fourth quarter EPS of £3 on revenue of £2.51B, compared to forecast for EPS of £292.25 on revenue of £2,562M.
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