Investing.com - Cargotec Oyj reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cargotec Oyj announced earnings per share of €0.6484 on revenue of €851M. Analysts polled by Investing.com anticipated EPS of €0.558 on revenue of €892.11M.
Cargotec Oyj shares are down 26% from the beginning of the year and are trading at €32.16 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 13.25% from the start of the year.
Cargotec Oyj follows other major Industrials sector earnings this month
Cargotec Oyj's report follows an earnings missed by KONE Oyj on Wednesday, who reported EPS of €0.25 on revenue of €2.44B, compared to forecasts EPS of €0.3491 on revenue of €2.47B.
Metso Outotec had missed expectations on April 21 with first quarter EPS of €0.11 on revenue of €1.16B, compared to forecast for EPS of €0.1144 on revenue of €1.14B.
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