Investing.com - Neles Oyj reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Neles Oyj announced earnings per share of €0.13 on revenue of €161.5M. Analysts polled by Investing.com anticipated EPS of €0.1115 on revenue of €160.05M.
Neles Oyj shares are up 17.09% from the beginning of the year and are trading at €12.71 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Neles Oyj follows other major Capital Goods sector earnings this month
Neles Oyj's report follows an earnings missed by Wartsila on Sunday, who reported EPS of €0.08 on revenue of €1.1B, compared to forecasts EPS of €0.0946 on revenue of €1.11B.
Valmet had beat expectations on Tuesday with third quarter EPS of €0.5 on revenue of €935M, compared to forecast for EPS of €0.4419 on revenue of €936.97M.
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