Investing.com - Spirax-Sarco Engineering reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Spirax-Sarco Engineering announced earnings per share of £1.31 on revenue of £623.7M. Analysts polled by Investing.com anticipated EPS of £131.36 on revenue of £625.75M.
Spirax-Sarco Engineering shares are down 0% from the beginning of the year and are trading at £11,400.0 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 4.1% 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 Bunzl on Monday, March 1, 2021, who reported EPS of £0.73 on revenue of £5.26B, compared to forecasts EPS of £71.65 on revenue of £4,823M.
IMI PLC had missed expectations on Friday, February 26, 2021 with fourth quarter EPS of £0.35 on revenue of £958.0M, compared to forecast for EPS of £38.78 on revenue of £918.40M.
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