Investing.com - Redrow (LON:RDW) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Redrow announced earnings per share of £0.48 on revenue of £1.05B. Analysts polled by Investing.com anticipated EPS of £21.00 on revenue of £1,027M.
Redrow shares are down 3% from the beginning of the year and are trading at £617.40 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is down 3.17% from the start of the year.
Redrow follows other major Consumer Discretionary sector earnings this month
Redrow's report follows an earnings missed by Hyundai Motor DRC on January 25, who reported EPS of £0.5837 on revenue of £25.88B, compared to forecasts EPS of £0.6623 on revenue of £25.45B.
Barratt Developments had missed expectations on Wednesday with second quarter EPS of £0.34 on revenue of £2.25B, compared to forecast for EPS of £25.00 on revenue of £2,472M.
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