Investing.com - Neles Oyj reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Neles Oyj announced earnings per share of €0.09 on revenue of €144.0M. Analysts polled by Investing.com anticipated EPS of €0.07 on revenue of €149.09M.
Neles Oyj shares are up 17% from the beginning of the year and are trading at €11.37 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is down 2.57% from the start of the year.
Neles Oyj follows other major Capital Goods sector earnings this month
Neles Oyj's report follows an earnings beat by KONE Oyj on October 22, who reported EPS of €0.5 on revenue of €2.59B, compared to forecasts EPS of €0.49 on revenue of €2.56B.
Metso Outotec had missed expectations on Tuesday with third quarter EPS of €0.03 on revenue of €985M, compared to forecast for EPS of €0.09 on revenue of €1.05B.
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