Investing.com - Cargotec Oyj reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cargotec Oyj announced earnings per share of €-0.13 on revenue of €910.2M. Analysts polled by Investing.com anticipated EPS of €0.8808 on revenue of €983.23M.
Cargotec Oyj shares are down 4% from the beginning of the year and are trading at €40.36 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is down 5.08% from the start of the year.
Cargotec Oyj shares lost 100.00% in pre-market trade the report.
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 €0.54 on revenue of €2.77B, compared to forecasts EPS of €0.5475 on revenue of €2.73B.
Wartsila had missed expectations on January 28 with fourth quarter EPS of €0.14 on revenue of €1.6B, compared to forecast for EPS of €0.1832 on revenue of €1.38B.
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