Investing.com - ITV (LON:ITV) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ITV announced earnings per share of £0.07 on revenue of £1.09B. Analysts polled by Investing.com anticipated EPS of £5.82 on revenue of £1,650M.
ITV shares are up 5% from the beginning of the year and are trading at £126.35 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is up 5.36% from the start of the year.
ITV follows other major Services sector earnings this month
ITV's report follows an earnings missed by Relx on February 11, who reported EPS of £0.35 on revenue of £3.61B, compared to forecasts EPS of £34.29 on revenue of £3,652M.
Flutter Entertainment had missed expectations on March 2 with fourth quarter EPS of £0.12 on revenue of £2.88B, compared to forecast for EPS of £153.41 on revenue of £2,321M.
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