Investing.com - Nokian Renkaat reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nokian Renkaat announced earnings per share of €0.4 on revenue of €413.4M. Analysts polled by Investing.com anticipated EPS of €0.5024 on revenue of €444.12M.
Nokian Renkaat shares are up 6% from the beginning of the year and are trading at €30.70 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is up 4.17% from the start of the year.
Nokian Renkaat follows other major Consumer Cyclical sector earnings this month
Nokian Renkaat's report follows an earnings missed by Martela Oyj A on Friday, who reported EPS of €-0.51 on revenue of €21.9M, compared to forecasts EPS of €-0.1173 on revenue of €24.4M.
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