Investing.com - Diageo (LON:DGE) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Diageo announced earnings per share of £-0.2 on revenue of £4.55B. Analysts polled by Investing.com anticipated EPS of £34.92 on revenue of £4,494M.
Diageo shares are down 14.98% from the beginning of the year and are trading at £2,721.0 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.61% from the start of the year.
Diageo follows other major Consumer/Non-Cyclical sector earnings this month
Diageo's report follows an earnings missed by Reckitt Benckiser on Tuesday, July 28, 2020, who reported EPS of £1.44 on revenue of £3.37B, compared to forecasts EPS of £159.47 on revenue of £3.12B.
A.G Barr had missed expectations on Tuesday, September 25, 2018 with second quarter EPS of £0.13 on revenue of £136.9M, compared to forecast for EPS of £12.40 on revenue of £133.05M.
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