Investing.com - J Sainsbury (OTC:JSAIY) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
J Sainsbury announced earnings per share of £-0.08 on revenue of £14.93B. Analysts polled by Investing.com anticipated EPS of £7.71 on revenue of £15,064M.
J Sainsbury shares are down 13% from the beginning of the year and are trading at £198.00 , down-from-52-week-high.They are outperforming the FTSE 100 which is down 21.69% from the start of the year.
J Sainsbury follows other major Services sector earnings this month
J Sainsbury's report follows an earnings beat by Associated British Foods on Tuesday, who reported EPS of £0.3 on revenue of £3.95B, compared to forecasts EPS of £-13.15 on revenue of £6,305M.
Carnival had beat expectations on Thursday, October 8, 2020 with third quarter EPS of £-1.69 on revenue of £23.98M, compared to forecast for EPS of £-1.7 on revenue of £60.52M.
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