Investing.com - DS Smith reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
DS Smith announced earnings per share of £0.09 on revenue of £2.86B. Analysts polled by Investing.com anticipated EPS of £16.10 on revenue of £3,118M.
DS Smith shares are down 22% from the beginning of the year and are trading at £296.70 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.43% year to date.
DS Smith follows other major Basic Materials sector earnings this month
DS Smith's report follows an earnings missed by Johnson Matthey on Thursday, June 11, 2020, who reported EPS of £0.41 on revenue of £7.76B, compared to forecasts EPS of £123.17 on revenue of £2,243M.
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