Investing.com - Diageo (LON:DGE) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Diageo announced earnings per share of £0.56 on revenue of £7.50B. Analysts polled by Investing.com anticipated EPS of £54.78 on revenue of £6,751M.
Diageo shares are up 5% from the beginning of the year and are trading at £3,865.0 , down-from-52-week-high.They are outperforming the CAC 40 which is down 11.38% from the start of the year.
Diageo follows other major Consumer Staples sector earnings this month
Diageo's report follows an earnings missed by British American Tobacco on Wednesday, who reported EPS of £0.82 on revenue of £12.87B, compared to forecasts EPS of £167.60 on revenue of £12,674M.
Reckitt Benckiser had missed expectations on Wednesday with second quarter EPS of £1.88 on revenue of £3.46B, compared to forecast for EPS of £145.00 on revenue of £3.37B.
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