Investing.com - FLSmidth&Co reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
FLSmidth&Co announced earnings per share of kr2.44 on revenue of kr5.03B. Analysts polled by Investing.com anticipated EPS of kr2.27 on revenue of kr4.7B.
FLSmidth&Co shares are down 19.57% from the beginning of the year and are trading at kr196.5 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
FLSmidth&Co follows other major Industrials sector earnings this month
FLSmidth&Co's report follows an earnings missed by Vestas Wind on August 9, who reported EPS of kr-0.8 on revenue of kr3.31B, compared to forecasts EPS of kr-0.08 on revenue of kr3.49B.
Rockwool Int. B had missed expectations on August 23 with second quarter EPS of kr2.82 on revenue of kr1.02B, compared to forecast for EPS of kr4.24 on revenue of kr1B.
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