Investing.com - Smiths Group (LON:SMIN) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Smiths Group announced earnings per share of £0.29 on revenue of £1.19B. Analysts polled by Investing.com anticipated EPS of £37.26 on revenue of £1,162M.
Smiths Group shares are up 2% from the beginning of the year and are trading at £1,477.50 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 7.02% from the start of the year.
Smiths Group follows other major Industrials sector earnings this month
Smiths Group's report follows an earnings beat by Ferguson on March 15, who reported EPS of £1.93 on revenue of £6.51B, compared to forecasts EPS of £1.89 on revenue of £6.11B.
Rentokil had missed expectations on March 3 with first quarter EPS of £0.08 on revenue of £1.49B, compared to forecast for EPS of £8.67 on revenue of £1,538M.
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