Investing.com - Metsa Board Oyj B reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metsa Board Oyj B announced earnings per share of €0.14 on revenue of €473.1M. Analysts polled by Investing.com anticipated EPS of €0.1334 on revenue of €471.57M.
Metsa Board Oyj B shares are up 11% from the beginning of the year and are trading at €9.640 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is up 5.09% from the start of the year.
Metsa Board Oyj B shares gained 3.99% in intra-day trade the report.
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 January 28, who reported EPS of €0.35 on revenue of €2.19B, compared to forecasts EPS of €0.2876 on revenue of €2.16B.
Stora Enso Oyj A had missed expectations on January 29 with fourth quarter EPS of €0.09 on revenue of €2.15B, compared to forecast for EPS of €0.1134 on revenue of €2.17B.
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