Investing.com - Neles Oyj reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Neles Oyj announced earnings per share of €0.14 on revenue of €174.2M. Analysts polled by Investing.com anticipated EPS of €0.1247 on revenue of €171.84M.
Neles Oyj shares are up 5% from the beginning of the year and are trading at €12.00 , down-from-52-week-high.They are outperforming the CAC 40 which is down 2.82% from the start of the year.
Neles Oyj follows other major Industrials sector earnings this month
Neles Oyj's report follows an earnings missed by KONE Oyj on Wednesday, who reported EPS of €0.54 on revenue of €2.77B, compared to forecasts EPS of €0.5475 on revenue of €2.73B.
Wartsila had missed expectations on January 28 with fourth quarter EPS of €0.14 on revenue of €1.6B, compared to forecast for EPS of €0.1832 on revenue of €1.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar