Investing.com - Tesco (LON:TSCO) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tesco announced earnings per share of £0.04 on revenue of £28.72B. Analysts polled by Investing.com anticipated EPS of £7.51 on revenue of £31,783M.
Tesco shares are down 16.69% from the beginning of the year and are trading at £212.60 , down-from-52-week-high.They are outperforming the TR UK 50 which is down 21.28% from the start of the year.
Tesco follows other major Services sector earnings this month
Tesco's report follows an earnings missed by Next on Thursday, September 17, 2020, who reported EPS of £-0.09 on revenue of £1.29B, compared to forecasts EPS of £196.18 on revenue of £2,043M.
Kingfisher had missed expectations on Tuesday, September 22, 2020 with second quarter EPS of £0.15 on revenue of £5.92B, compared to forecast for EPS of £11.50 on revenue of £3.74B.
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