Investing.com - Metso Outotec reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Metso Outotec announced earnings per share of €0.05 on revenue of €1.05B. Analysts polled by Investing.com anticipated EPS of €0.05 on revenue of €976.64M.
Metso Outotec shares are down 3% from the beginning of the year and are trading at €5.530 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 1.68% from the start of the year.
Metso Outotec follows other major Capital Goods sector earnings this month
Metso Outotec's report follows an earnings beat by KONE Oyj on July 16, who reported EPS of €0.47 on revenue of €2.53B, compared to forecasts EPS of €0.38 on revenue of €2.32B.
Valmet had beat expectations on July 23 with second quarter EPS of €0.29 on revenue of €919M, compared to forecast for EPS of €0.19 on revenue of €838.81M.
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