Investing.com - Metsa Board Oyj B reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metsa Board Oyj B announced earnings per share of €0.234 on revenue of €516M. Analysts polled by Investing.com anticipated EPS of €0.2142 on revenue of €514.16M.
Metsa Board Oyj B shares are down 14% from the beginning of the year and are trading at €8.175 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 18.89% 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 €0.66 on revenue of €2.52B, compared to forecasts EPS of €0.5587 on revenue of €2.42B.
Stora Enso Oyj A had beat expectations on October 20 with third quarter EPS of €0.37 on revenue of €2.58B, compared to forecast for EPS of €0.3347 on revenue of €2.49B.
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