Investing.com - Asos reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Asos announced earnings per share of £0.41 on revenue of £1.93B. Analysts polled by Investing.com anticipated EPS of £59.44 on revenue of £2,017M.
Asos shares are down 49.66% from the beginning of the year and are trading at £2,408.0 , 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 Services sector earnings this month
Asos's report follows an earnings missed by Ashtead Group on September 16, who reported EPS of £0.71 on revenue of £1.85B, compared to forecasts EPS of £32.00 on revenue of £1,159M.
Tesco had missed expectations on October 6 with second quarter EPS of £0.11 on revenue of £30.42B, compared to forecast for EPS of £6.25 on revenue of £31,745M.
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