Investing.com - Shaftesbury reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Shaftesbury announced earnings per share of £0.64 on revenue of £62.20M. Analysts polled by Investing.com anticipated EPS of £5.71 on revenue of £58.15M.
Shaftesbury shares are down 6.59% from the beginning of the year and are trading at £574.50 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Shaftesbury follows other major Real Estate sector earnings this month
Shaftesbury's report follows an earnings missed by Land Securities on May 17, who reported EPS of £0.8 on revenue of £364.0M, compared to forecasts EPS of £21.55 on revenue of £301.03M.
British Land Company had missed expectations on May 18 with fourth quarter EPS of £0.63 on revenue of £219.0M, compared to forecast for EPS of £12.95 on revenue of £154.05M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar