Investing.com - Neles Oyj reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Neles Oyj announced earnings per share of €0.08 on revenue of €141.0M. Analysts polled by Investing.com anticipated EPS of €0.08 on revenue of €844.84M.
Neles Oyj shares are down 65% from the beginning of the year and are trading at €12.04 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 1.68% 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 July 16, who reported EPS of €0.47 on revenue of €2.53B, compared to forecasts EPS of €0.38 on revenue of €2.32B.
Metso Outotec had matched expectations on Wednesday with second quarter EPS of €0.05 on revenue of €1.05B, compared to forecast for EPS of €0.05 on revenue of €976.64M.
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