Morrison Supermarkets earnings, Revenue miss in Q2

  • Investing.com
Morrison Supermarkets earnings, Revenue miss in Q2

Investing.com - Morrison Supermarkets reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Morrison Supermarkets announced earnings per share of £0.03 on revenue of £8.73B. Analysts polled by Investing.com anticipated EPS of £6.44 on revenue of £8,900M.

Morrison Supermarkets shares are down 6% from the beginning of the year and are trading at £186.00 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.63% year to date.

Morrison Supermarkets follows other major Services sector earnings this month

Morrison Supermarkets's report follows an earnings beat by Flutter Entertainment on Thursday, August 27, 2020, who reported EPS of £0.18 on revenue of £1.54B, compared to forecasts EPS of £-54.33 on revenue of £602.55M.

Ashtead Group had beat expectations on Tuesday with first quarter EPS of £0.35 on revenue of £1.08B, compared to forecast for EPS of £0.33 on revenue of £1.16B.

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

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles