Tesco Earnings, Revenue miss In Q4

  • Investing.com
Tesco Earnings, Revenue miss In Q4
Credit: © Reuters.

Investing.com - Tesco (LON: TSCO ) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Tesco announced earnings per share of £0.04 on revenue of £29.17B. Analysts polled by Investing.com anticipated EPS of £8.15 on revenue of £31,819M.

Tesco shares are down 1.73% from the beginning of the year and are trading at £227.40 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 7.42% from the start of the year.

Tesco follows other major Services sector earnings this month

Tesco's report follows an earnings missed by Carnival on Wednesday, April 7, 2021, who reported EPS of £-1.29 on revenue of £18.86M, compared to forecasts EPS of £-1.2 on revenue of £18.86M.

Next had missed expectations on Thursday, April 1, 2021 with first quarter EPS of £2.3 on revenue of £2.24B, compared to forecast for EPS of £209.12 on revenue of £2,119M.

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

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