Investing.com - Associated British Foods (LON:ABF) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Associated British Foods announced earnings per share of £63.8 on revenue of £7,882M. Analysts polled by Investing.com anticipated EPS of £36.81 on revenue of £7,831M.
Associated British Foods shares are down 23% from the beginning of the year and are trading at £1,544.0 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 7.88% from the start of the year.
Associated British Foods shares lost 5.28% in intra-day trade the report.
Associated British Foods follows other major Consumer Staples sector earnings this month
Associated British Foods's report follows an earnings missed by Tesco on April 13, who reported EPS of £0.09 on revenue of £30.93B, compared to forecasts EPS of £9.44 on revenue of £31,052M.
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