KONE Oyj earnings miss, Revenue beats in Q4

  • Investing.com
KONE Oyj earnings miss, Revenue beats in Q4
Credit: © Reuters.

Investing.com - KONE Oyj reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.

KONE Oyj announced earnings per share of €0.54 on revenue of €2.77B. Analysts polled by Investing.com anticipated EPS of €0.5475 on revenue of €2.73B.

KONE Oyj shares are down 10% from the beginning of the year and are trading at €56.72 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 3.43% year to date.

KONE Oyj shares lost 0.67% in intra-day trade the report.

KONE Oyj follows other major Industrials sector earnings this month

KONE Oyj's report follows an earnings missed by Wartsila on Friday, who reported EPS of €0.14 on revenue of €1.6B, compared to forecasts EPS of €0.1832 on revenue of €1.38B.

Lassila&Tikanoja had beat expectations on Thursday, January 27, 2022 with fourth quarter EPS of €0.24 on revenue of €223.5M, compared to forecast for EPS of €0.19 on revenue of €223.75M.

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