Investing.com - Graham Holdings reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Graham Holdings announced earnings per share of $12.07 on revenue of $933.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $10.17 on revenue of $934.6M.
Graham Holdings shares are down 4.77% from the beginning of the year and are trading at $599.79 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Graham Holdings shares lost 0.29% in intra-day trade the report.
Graham Holdings follows other major Consumer Discretionary sector earnings this month
Graham Holdings's report follows an earnings missed by Amazon.com on July 28, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on July 20 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
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