Aveva Earnings miss, Revenue beats In Q1

  • Investing.com
Aveva Earnings miss, Revenue beats In Q1

Investing.com - Aveva (LON: AVV ) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Aveva announced earnings per share of £0.06 on revenue of £704.4M. Analysts polled by Investing.com anticipated EPS of £50.99 on revenue of £658.73M.

Aveva shares are down 27% from the beginning of the year and are trading at £2,468.0 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.73% from the start of the year.

Aveva follows other major Information Technology sector earnings this month

Aveva's report follows an earnings missed by Hon Hai Precision ADR on Thursday, May 12, 2022, who reported EPS of £0.1422 on revenue of £47.21B, compared to forecasts EPS of £0.1455 on revenue of £47.84B.

Sage had missed expectations on Friday, May 13, 2022 with second quarter EPS of £0.15 on revenue of £934.0M, compared to forecast for EPS of £12.19 on revenue of £942.24M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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