Investing.com - KONE Oyj reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KONE Oyj announced earnings per share of €0.37 on revenue of €2.33B. Analysts polled by Investing.com anticipated EPS of €0.3619 on revenue of €2.23B.
KONE Oyj shares are up 1% from the beginning of the year and are trading at €67.30 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is up 13.02% from the start of the year.
KONE Oyj follows other major Capital Goods sector earnings this month
KONE Oyj's report follows an earnings beat by Metso Outotec on Friday, who reported EPS of €0.08 on revenue of €925M, compared to forecasts EPS of €0.0729 on revenue of €976.1M.
Wartsila had missed expectations on April 22 with first quarter EPS of €0.04 on revenue of €946M, compared to forecast for EPS of €0.0502 on revenue of €1.03B.
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