Investing.com - Imperial Brands (LON:IMB) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Imperial Brands announced earnings per share of £1.03 on revenue of £17.89B. Analysts polled by Investing.com anticipated EPS of £154.18 on revenue of £4,638M.
Imperial Brands shares are down 46.47% from the beginning of the year and are trading at £1,505.50 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 6.5% from the start of the year.
Imperial Brands follows other major Consumer/Non-Cyclical sector earnings this month
Imperial Brands's report follows an earnings missed by Tate&Lyle on Thursday, November 5, 2020, who reported EPS of £0.28 on revenue of £1.39B, compared to forecasts EPS of £29.25 on revenue of £1,454M.
Marks & Spencer had missed expectations on Wednesday, November 4, 2020 with second quarter EPS of £-0.03 on revenue of £4.08B, compared to forecast for EPS of £7.05 on revenue of £2.16B.
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