Investing.com - Kesko reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kesko announced earnings per share of €0.25 on revenue of €2.82B. Analysts polled by Investing.com anticipated EPS of €0.21 on revenue of €2.7B.
Kesko shares are up 8% from the beginning of the year and are trading at €17.15 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.11% from the start of the year.
Kesko shares lost 0.23% in intra-day trade after the report.
Kesko follows other major Services sector earnings this month
Kesko's report follows an earnings missed by Elisa Oyj on Tuesday, July 14, 2020, who reported EPS of €0.49 on revenue of €460.8M, compared to forecasts EPS of €0.5 on revenue of €457.06M.
Kesko had beat expectations on Thursday with second quarter EPS of €0.25 on revenue of €2.82B, compared to forecast for EPS of €0.21 on revenue of €2.7B.
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