Konecranes Earnings miss, Revenue beats In Q2 By Investing.com

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Konecranes Earnings miss, Revenue beats In Q2

Jul 29, 2021 07:11

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Investing.com - Konecranes reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Konecranes announced earnings per share of €0.49 on revenue of €759.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of €0.5134 on revenue of €759.16M.

Konecranes shares are up 26% from the beginning of the year and are trading at €36.50 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is up 22.34% from the start of the year.

Konecranes follows other major Industrials sector earnings this month

Konecranes's report follows an earnings beat by KONE Oyj on July 20, who reported EPS of €0.55 on revenue of €2.81B, compared to forecasts EPS of €0.5153 on revenue of €2.64B.

Wartsila had missed expectations on July 20 with second quarter EPS of €0.06 on revenue of €1.13B, compared to forecast for EPS of €0.0895 on revenue of €1.1B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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