Investing.com - Bodycote reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bodycote announced earnings per share of £0.01 on revenue of £291.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of £16.85 on revenue of £310.89M.
Bodycote shares are up 9% from the beginning of the year and are trading at £797.00 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 6.03% from the start of the year.
Bodycote follows other major Basic Materials sector earnings this month
Bodycote's report follows an earnings missed by Spirax-Sarco Engineering on Wednesday, who reported EPS of £1.31 on revenue of £623.7M, compared to forecasts EPS of £131.36 on revenue of £625.75M.
Bunzl had missed expectations on Monday, March 1, 2021 with fourth quarter EPS of £0.73 on revenue of £5.26B, compared to forecast for EPS of £71.65 on revenue of £4,823M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar