Investing.com - Redrow (LON:RDW) reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Redrow announced earnings per share of £0.17 on revenue of £898.0M. Analysts polled by Investing.com anticipated EPS of £0.17 on revenue of £822.28M.
Redrow shares are up 22.66% from the beginning of the year and are trading at £701.00 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Redrow follows other major Capital Goods sector earnings this month
Redrow's report follows an earnings missed by Persimmon on August 18, who reported EPS of £1.22 on revenue of £1.84B, compared to forecasts EPS of £15.00 on revenue of £1,573M.
Barratt Developments had missed expectations on September 2 with second quarter EPS of £0.3 on revenue of £2.32B, compared to forecast for EPS of £32.00 on revenue of £1,966M.
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