Spirax-Sarco Engineering Earnings, Revenue miss In Q2

  • Investing.com
Spirax-Sarco Engineering Earnings, Revenue miss In Q2
Credit: © Reuters.

Investing.com - Spirax-Sarco Engineering (LON: SPX ) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Spirax-Sarco Engineering announced earnings per share of £1.47 on revenue of £643.7M. Analysts polled by Investing.com anticipated EPS of £145.81 on revenue of £647.06M.

Spirax-Sarco Engineering shares are up 39% from the beginning of the year and are trading at £15,765.0 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 18.87% from the start of the year.

Spirax-Sarco Engineering follows other major Basic Materials sector earnings this month

Spirax-Sarco Engineering's report follows an earnings missed by IMI PLC on Friday, July 30, 2021, who reported EPS of £0.31 on revenue of £907.0M, compared to forecasts EPS of £34.84 on revenue of £864.40M.

Synthomer had missed expectations on Thursday, August 5, 2021 with second quarter EPS of £0.47 on revenue of £1.23B, compared to forecast for EPS of £29.80 on revenue of £1,157M.

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

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