Investing.com - Asos reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Asos announced earnings per share of £-0.2 on revenue of £1.9. Analysts polled by Investing.com anticipated EPS of £29.8 on revenue of £2,006M.
Asos shares are down 16.18% from the beginning of the year and are trading at £550.0 , down-from-52-week-high.
Asos follows other major Consumer Discretionary sector earnings this month
Asos's report follows an earnings missed by Carnival on September 30, who reported EPS of £-0.5808 on revenue of £4.31B, compared to forecasts EPS of £-0.0481 on revenue of £5.05B.
Next had missed expectations on September 29 with second quarter EPS of £2.61 on revenue of £2.38B, compared to forecast for EPS of £219.18 on revenue of £2,179M.
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