Investing.com - Kingfisher (LON:KGF) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Kingfisher announced earnings per share of £0.14 on revenue of £6.08B. Analysts polled by Investing.com anticipated EPS of £10.83 on revenue of £2.7B.
Kingfisher shares are down 19% from the beginning of the year and are trading at £272.90 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 5.98% from the start of the year.
Kingfisher follows other major Consumer Discretionary sector earnings this month
Kingfisher's report follows an earnings beat by Flutter Entertainment on March 1, who reported EPS of £3.37 on revenue of £1.55B, compared to forecasts EPS of £0.9695 on revenue of £1.59B.
Entain had missed expectations on March 3 with first quarter EPS of £0.31 on revenue of £2.06B, compared to forecast for EPS of £36.80 on revenue of £2,053M.
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