Investing.com - FirstGroup reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
FirstGroup announced earnings per share of £0.03 on revenue of £2.45B. Analysts polled by Investing.com anticipated EPS of £8.76 on revenue of £2,656M.
FirstGroup shares are down 27% from the beginning of the year and are trading at £134.70 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 16.5% from the start of the year.
FirstGroup follows other major Industrials sector earnings this month
FirstGroup's report follows an earnings beat by Ferguson on Tuesday, who reported EPS of £2.5 on revenue of £7.28B, compared to forecasts EPS of £2.04 on revenue of £6.71B.
EasyJet had beat expectations on May 19 with second quarter EPS of £-57.2 on revenue of £1.5B, compared to forecast for EPS of £-67.48 on revenue of £664M.
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