Investing.com - Luxfer reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Luxfer announced earnings per share of $0.3 on revenue of $103.8M. Analysts polled by Investing.com anticipated EPS of $0.21 on revenue of $95.65M. That with comparison to EPS of $0.45 on revenue of $116.5M in the same period a year before.Luxfer had reported EPS of $0.3 on revenue of $103.8M in the previous quarter.Analysts are expecting EPS of $0.29 and revenue of $99.93M in the upcoming quarter.
Luxfer shares are down 71.73% from the beginning of the year and are trading at $14.06 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Luxfer follows other major Capital Goods sector earnings this month
Luxfer's report follows an earnings beat by Raytheon Technologies on Thursday, May 7, 2020, who reported EPS of $1.78 on revenue of $18.21B, compared to forecasts EPS of $1.01 on revenue of $17.49B.
Deere&Company had matched expectations on Friday, May 22, 2020 with second quarter EPS of $2.11 on revenue of $8.22B, compared to forecast for EPS of $2.11 on revenue of $7.89B.
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