Investing.com - Metso Outotec reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Metso Outotec announced earnings per share of €0.11 on revenue of €1.28B. Analysts polled by Investing.com anticipated EPS of €0.1231 on revenue of €1.17B.
Metso Outotec shares are up 7% from the beginning of the year and are trading at €9.126 , down-from-52-week-high.They are outperforming the BEL 20 which is down 4.51% from the start of the year.
Metso Outotec shares lost 3.00% in intra-day trade the report.
Metso Outotec follows other major Industrials sector earnings this month
Metso Outotec's report follows an earnings missed by KONE Oyj on February 2, who reported EPS of €0.54 on revenue of €2.77B, compared to forecasts EPS of €0.547 on revenue of €2.72B.
Wartsila had missed expectations on January 28 with fourth quarter EPS of €0.14 on revenue of €1.6B, compared to forecast for EPS of €0.1832 on revenue of €1.38B.
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