J Sainsbury (OTC:JSAIY) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
J Sainsbury announced earnings per share of £0.07 on revenue of £13.90B. Analysts polled by anticipated EPS of £17.93 on revenue of £13,841M. That with comparison to EPS of £0.03 on revenue of £13.88B in the same period a year before.
J Sainsbury shares are down 16.11% from the beginning of the year , still down 16.48% from its 52 week high of £237.19 set on May 1, 2019. They are outperforming the STOXX 600 which is down 18.35% year to date.
J Sainsbury follows other major Services sector earnings this month
J Sainsbury's report follows an earnings missed by Associated British Foods on April 21, who reported EPS of £0.28 on revenue of £7.65B, compared to forecasts EPS of £56.91 on revenue of £7,746M.
boohoo had missed expectations on April 22 with fourth quarter EPS of £0.03 on revenue of £187.8M, compared to forecast for EPS of £1.89 on revenue of £187.8M.
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