Bunzl Earnings miss, Revenue beats In Q2

Bunzl Earnings miss, Revenue beats In Q2

Investing.com  | Aug 25, 2020 07:06

Bunzl Earnings miss, Revenue beats In Q2

Investing.com - Bunzl (LON:BNZL) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Bunzl announced earnings per share of £0.55 on revenue of £4.85B. Analysts polled by Investing.com anticipated EPS of £32.81 on revenue of £4,225M.

Bunzl shares are up 19% from the beginning of the year and are trading at £2,467.0 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.82% from the start of the year.

Bunzl follows other major Basic Materials sector earnings this month

Bunzl's report follows an earnings missed by Spirax-Sarco Engineering on August 12, who reported EPS of £1.04 on revenue of £569.7M, compared to forecasts EPS of £94.57 on revenue of £554.57M.

Synthomer had missed expectations on August 6 with second quarter EPS of £-0.03 on revenue of £733.7M, compared to forecast for EPS of £0.18 on revenue of £1.12B.

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

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