Investing.com - Kingfisher (LON:KGF) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Kingfisher announced earnings per share of £0.15 on revenue of £5.92B. Analysts polled by Investing.com anticipated EPS of £11.50 on revenue of £2.57B.
Kingfisher shares are up 34% from the beginning of the year and are trading at £290.90 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 14.02% from the start of the year.
Kingfisher follows other major Services sector earnings this month
Kingfisher's report follows an earnings beat by Flutter Entertainment on Thursday, August 27, 2020, who reported EPS of £0.18 on revenue of £1.54B, compared to forecasts EPS of £-54.33 on revenue of £602.55M.
Ashtead Group had missed expectations on Tuesday, September 8, 2020 with first quarter EPS of £0.35 on revenue of £1.08B, compared to forecast for EPS of £0.36 on revenue of £1.17B.
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