Investing.com - Tesco (LON:TSCO) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Tesco announced earnings per share of £0.03 on revenue of £32.46B. Analysts polled by Investing.com anticipated EPS of £10.91 on revenue of £30,285M.
Tesco shares are down 30.56% from the beginning of the year and are trading at £201.30 , down-from-52-week-high.
Tesco follows other major Consumer Staples sector earnings this month
Tesco's report follows an earnings beat by HALEON on Tuesday, September 20, 2022, who reported EPS of £0.0353 on revenue of £2.56B, compared to forecasts EPS of £0.0188 on revenue of £2.56B.
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