Investing.com - Spirax-Sarco Engineering reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Spirax-Sarco Engineering announced earnings per share of 1.32 on revenue of 750.1M. Analysts polled by Investing.com anticipated EPS of 183.02 on revenue of 711.35M.
Spirax-Sarco Engineering shares are down 14.39% from the beginning of the year and are trading at 11,655.0 , down-from-52-week-high.They are under-performing the Nifty 50 which is up 1.9% from the start of the year.
Spirax-Sarco Engineering follows other major Industrials sector earnings this month
Spirax-Sarco Engineering'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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