Investing.com - Serco reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Serco announced earnings per share of £0.06 on revenue of £1.82B. Analysts polled by Investing.com anticipated EPS of £4.10 on revenue of £1,842M.
Serco shares are down 28% from the beginning of the year and are trading at £143.70 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 19.55% from the start of the year.
Serco follows other major Services sector earnings this month
Serco's report follows an earnings missed by Relx on July 23, who reported EPS of £0.28 on revenue of £3.50B, compared to forecasts EPS of £39.27 on revenue of £3,364M.
Ocado had beat expectations on July 14 with second quarter EPS of £-0.08 on revenue of £1.09B, compared to forecast for EPS of £-6.76 on revenue of £1,103M.
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