Investing.com - Persimmon (LON:PSN) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Persimmon announced earnings per share of £0.1059 on revenue of £1.68B. Analysts polled by Investing.com anticipated EPS of £15.00 on revenue of £1,801M.
Persimmon shares are down 36% from the beginning of the year and are trading at £1,816.8 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 2.03% from the start of the year.
Persimmon shares lost 1.74% in intra-day trade the report.
Persimmon follows other major Consumer Discretionary sector earnings this month
Persimmon's report follows an earnings beat by Hyundai Motor DRC on July 21, who reported EPS of £3.14 on revenue of £27.53B, compared to forecasts EPS of £3 on revenue of £25.63B.
Flutter Entertainment had missed expectations on Friday with second quarter EPS of £1.01 on revenue of £1.82B, compared to forecast for EPS of £1.17 on revenue of £1.61B.
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