Investing.com - YIT reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
YIT announced earnings per share of €0.19 on revenue of €975.0M. Analysts polled by Investing.com anticipated EPS of €0.1987 on revenue of €989.5M.
YIT shares are up 5% from the beginning of the year and are trading at €4.71 , down-from-52-week-high.They are broadly in line with the OMX Helsinki 25 which is up 5.08% from the start of the year.
YIT shares lost 100.00% in pre-market trade the report.
YIT follows other major Capital Goods sector earnings this month
YIT's report follows an earnings missed by KONE Oyj on January 28, who reported EPS of €0.55 on revenue of €2.62B, compared to forecasts EPS of €0.5687 on revenue of €2.69B.
Neles Oyj had beat expectations on Thursday with fourth quarter EPS of €0.09 on revenue of €155.0M, compared to forecast for EPS of €0.0755 on revenue of €147.43M.
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