Investing.com - Renishaw reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Renishaw announced earnings per share of £0.94 on revenue of £325.2M. Analysts polled by Investing.com anticipated EPS of £72.79 on revenue of £242.93M.
Renishaw shares are up 2.51% from the beginning of the year, still down 30.25% from its 52 week high of £7,025.00 set on March 3, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Renishaw follows other major Information Technology sector earnings this month
Renishaw's report follows an earnings missed by Samsung Electronics Co Ltd DRC Pref on January 26, who reported EPS of £32.55 on revenue of £63.66B, compared to forecasts EPS of £34.21 on revenue of £63.35B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar