Investing.com - Derwent reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Derwent announced earnings per share of £-0.08 on revenue of £119.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of £57.88 on revenue of £115.72M.
Derwent shares are down 27% from the beginning of the year and are trading at £2,924.0 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.84% from the start of the year.
Derwent follows other major Services sector earnings this month
Derwent's report follows an earnings missed by Relx on July 23, who reported EPS of £0.28 on revenue of £3.50B, compared to forecasts EPS of £39.27 on revenue of £3,364M.
Ocado had beat expectations on July 14 with second quarter EPS of £-0.08 on revenue of £1.09B, compared to forecast for EPS of £-6.76 on revenue of £1,103M.
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