Cobham sees earnings picking up in second-half of 2016

(Reuters) - British engineering firm Cobham Plc narrowly missed the earnings range it had hoped to achieve for 2015, and said earnings would pick up only towards the second half of 2016. Analysts from RBC Capital Markets and Liberum pointed to the company's 2016 forecast for the fall in share price. Cobham said it expected trading in its defence business, its largest, to remain stable in 2016 but its consumer business faces challenges due to lower spending by its customers.