Investing.com - Rotork (LON:ROR) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rotork announced earnings per share of £0.04 on revenue of £280.0M. Analysts polled by Investing.com anticipated EPS of £5.97 on revenue of £305.81M.
Rotork shares are down 26% from the beginning of the year and are trading at £262.60 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.6% from the start of the year.
Rotork follows other major Industrials sector earnings this month
Rotork's report follows an earnings missed by Relx on July 28, who reported EPS of £0.39 on revenue of £3.97B, compared to forecasts EPS of £57.54 on revenue of £4,022M.
Larsen&Toubro had missed expectations on July 26 with second quarter EPS of £0.1514 on revenue of £4.49B, compared to forecast for EPS of £0.1665 on revenue of £4.38B.
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