Investing.com - Cargotec Oyj reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cargotec Oyj announced earnings per share of €0.04 on revenue of €822.05M. Analysts polled by Investing.com anticipated EPS of €0.6245 on revenue of €900.55M.
Cargotec Oyj shares are up 30% from the beginning of the year and are trading at €44.24 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is up 17.68% from the start of the year.
Cargotec Oyj follows other major Capital Goods sector earnings this month
Cargotec Oyj's report follows an earnings missed by KONE Oyj on Thursday, who reported EPS of €0.5 on revenue of €2.61B, compared to forecasts EPS of €0.5263 on revenue of €2.71B.
Wartsila had missed expectations on Sunday with third quarter EPS of €0.08 on revenue of €1.1B, compared to forecast for EPS of €0.0946 on revenue of €1.11B.
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