Investing.com - Cargotec Oyj reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cargotec Oyj announced earnings per share of €0.15 on revenue of €730M. Analysts polled by Investing.com anticipated EPS of €0.4443 on revenue of €788.21M.
Cargotec Oyj shares are up 1% from the beginning of the year and are trading at €50.20 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is up 13.02% from the start of the year.
Cargotec Oyj follows other major Capital Goods sector earnings this month
Cargotec Oyj's report follows an earnings beat by KONE Oyj on Wednesday, who reported EPS of €0.37 on revenue of €2.33B, compared to forecasts EPS of €0.3619 on revenue of €2.23B.
Metso Outotec had beat expectations on Friday with first quarter EPS of €0.08 on revenue of €925M, compared to forecast for EPS of €0.0729 on revenue of €976.1M.
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