Investing.com - Outotec Oyj reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Outotec Oyj announced earnings per share of €0.05 on revenue of €285.2M. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €260.66M. That with comparison to EPS of €0.02 on revenue of €254.7M in the same period a year before.Outotec Oyj had reported EPS of €0.07 on revenue of €335.8M in the previous quarter.Analysts are expecting EPS of €0.05 and revenue of €294.85M in the upcoming quarter.
Outotec Oyj shares are down 29% from the beginning of the year and are trading at €3.534 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 13.44% year to date.
Outotec Oyj follows other major Capital Goods sector earnings this month
Outotec Oyj's report follows an earnings beat by KONE Oyj on April 22, who reported EPS of €0.31 on revenue of €2.2B, compared to forecasts EPS of €0.3 on revenue of €2.19B.
Metso Oyj had beat expectations on Thursday with first quarter EPS of €0.47 on revenue of €137.0M, compared to forecast for EPS of €0.42 on revenue of €865.8M.
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