Investing.com - Weir Group (OTC:WEGRY) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weir Group announced earnings per share of £0.53 on revenue of £1.96B. Analysts polled by Investing.com anticipated EPS of £43.79 on revenue of £1,052M.
Weir Group shares are down 2% from the beginning of the year, still down 8.52% from its 52 week high of £2,130.00 set on January 6. They are under-performing the STOXX 600 which is up 3.56% from the start of the year.
Weir Group follows other major Capital Goods sector earnings this month
Weir Group's report follows an earnings missed by BAE Systems on February 25, who reported EPS of £0.24 on revenue of £10.10B, compared to forecasts EPS of £25.70 on revenue of £11,005M.
Barratt Developments had missed expectations on February 4 with second quarter EPS of £0.34 on revenue of £2.49B, compared to forecast for EPS of £15.00 on revenue of £15.00M.
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