Investing.com - Babcock International reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Babcock International announced earnings per share of £0.1 on revenue of £2.22B. Analysts polled by Investing.com anticipated EPS of £19.22 on revenue of £2,241M.
Babcock International shares are up 8.54% from the beginning of the year and are trading at £303.80 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Babcock International follows other major Industrials sector earnings this month
Babcock International's report follows an earnings missed by Larsen&Toubro on November 26, who reported EPS of £0.1715 on revenue of £4.63B, compared to forecasts EPS of £0.1765 on revenue of £4.75B.
Ashtead Group had beat expectations on Tuesday with second quarter EPS of £0.91 on revenue of £2.03B, compared to forecast for EPS of £0.6184 on revenue of £1.43B.
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