Investing.com - UPM-Kymmene reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
UPM-Kymmene announced earnings per share of €0.42 on revenue of €2.23B. Analysts polled by Investing.com anticipated EPS of €0.3507 on revenue of €2.13B.
UPM-Kymmene shares are up 7% from the beginning of the year and are trading at €32.73 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 10.23% from the start of the year.
UPM-Kymmene follows other major Basic Materials sector earnings this month
UPM-Kymmene's report follows an earnings beat by Stora Enso Oyj A on Friday, who reported EPS of €0.22 on revenue of €2.28B, compared to forecasts EPS of €0.2028 on revenue of €2.19B.
Stora Enso Oyj R had beat expectations on Friday with first quarter EPS of €0.22 on revenue of €2.28B, compared to forecast for EPS of €0.2028 on revenue of €2.19B.
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