Investing.com - Stora Enso Oyj R reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Stora Enso Oyj R announced earnings per share of €0.12 on revenue of €2.21B. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €2.39B. That with comparison to EPS of €0.3 on revenue of €2.64B in the same period a year before.Stora Enso Oyj R had reported EPS of €0.69 on revenue of €2.41B in the previous quarter.Analysts are expecting EPS of €0.12 and revenue of €2.26B in the upcoming quarter.
Stora Enso Oyj R shares are down 22% from the beginning of the year and are trading at €10.055 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 20.76% year to date.
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