Investing.com - Konecranes reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Konecranes announced earnings per share of €0.8043 on revenue of €937M. Analysts polled by Investing.com anticipated EPS of €0.6344 on revenue of €846.11M.
Konecranes shares are down 2% from the beginning of the year and are trading at €35.72 , down-from-52-week-high.They are under-performing the DAX which is up 2.77% from the start of the year.
Konecranes follows other major Capital Goods sector earnings this month
Konecranes's report follows an earnings missed by KONE Oyj on Thursday, January 28, 2021, who reported EPS of €0.55 on revenue of €2.62B, compared to forecasts EPS of €0.5687 on revenue of €2.69B.
Valmet had beat expectations on Thursday with fourth quarter EPS of €0.67 on revenue of €1.17B, compared to forecast for EPS of €0.5619 on revenue of €1.04B.
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