KONE Oyj earnings, Revenue miss in Q3

  • Investing.com
KONE Oyj earnings, Revenue miss in Q3
Credit: © Reuters.

Investing.com - KONE Oyj reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

KONE Oyj announced earnings per share of €0.50 on revenue of €2.61B. Analysts polled by Investing.com anticipated EPS of €0.5263 on revenue of €2.71B.

KONE Oyj shares are down 13% from the beginning of the year and are trading at €57.36 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 18.63% year to date.

KONE Oyj shares lost 0.17% in intra-day trade the report.

KONE Oyj follows other major Capital Goods sector earnings this month

KONE Oyj's report follows an earnings missed by Wartsila on Sunday, who reported EPS of €0.08 on revenue of €1.1B, compared to forecasts EPS of €0.0946 on revenue of €1.11B.

Valmet had beat expectations on Tuesday with third quarter EPS of €0.5 on revenue of €935M, compared to forecast for EPS of €0.4419 on revenue of €936.97M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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