Investing.com - Weir Group (OTC:WEGRY) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weir Group announced earnings per share of £0.35 on revenue of £1.10B. Analysts polled by Investing.com anticipated EPS of £38.05 on revenue of £1,016M.
Weir Group shares are up 23% from the beginning of the year, still down 15.67% from its 52 week high of £1,936.50 set on March 16. They are outperforming the STOXX 600 which is down 10.68% from the start of the year.
Weir Group follows other major Industrials sector earnings this month
Weir Group's report follows an earnings missed by Relx on Thursday, who reported EPS of £0.39 on revenue of £3.97B, compared to forecasts EPS of £57.54 on revenue of £4,022M.
Larsen&Toubro had missed expectations on Tuesday with second quarter EPS of £0.1514 on revenue of £4.49B, compared to forecast for EPS of £0.1638 on revenue of £4.36B.
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