Investing.com - Andritz AG reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Andritz AG announced earnings per share of €0.32 on revenue of €1.66B. Analysts polled by Investing.com anticipated EPS of €0.47 on revenue of €1.46B.
Andritz AG shares are down 31% from the beginning of the year and are trading at €28.555 , down-from-52-week-high.They are under-performing the BEL 20 which is down 17.25% from the start of the year.
Andritz AG follows other major Capital Goods sector earnings this month
Andritz AG's report follows an earnings beat by Palfinger AG on Thursday, who reported EPS of €-0.01 on revenue of €336.55M, compared to forecasts EPS of €-0.05 on revenue of €307.9M.
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