Investing.com - Metsa Board Oyj B reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metsa Board Oyj B announced earnings per share of €0.2 on revenue of €493.7M. Analysts polled by Investing.com anticipated EPS of €0.1511 on revenue of €488.5M.
Metsa Board Oyj B shares are up 1% from the beginning of the year and are trading at €10.600 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is up 13.02% from the start of the year.
Metsa Board Oyj B follows other major Basic Materials sector earnings this month
Metsa Board Oyj B's report follows an earnings beat by UPM-Kymmene on Tuesday, who reported EPS of €0.42 on revenue of €2.23B, compared to forecasts EPS of €0.3507 on revenue of €2.13B.
Stora Enso Oyj A had beat expectations on Friday with first quarter EPS of €0.22 on revenue of €2.28B, compared to forecast for EPS of €0.2028 on revenue of €2.19B.
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