Metso Outotec earnings beat, Revenue misses in Q1

  • Investing.com
Metso Outotec earnings beat, Revenue misses in Q1

Investing.com - Metso Outotec reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Metso Outotec announced earnings per share of €0.08 on revenue of €925M. Analysts polled by Investing.com anticipated EPS of €0.0731 on revenue of €971.74M.

Metso Outotec shares are up 22% from the beginning of the year and are trading at €9.994 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is up 12.26% year to date.

Metso Outotec shares gained 5.78% in intra-day trade the report.

Metso Outotec follows other major Capital Goods sector earnings this month

Metso Outotec's report follows an earnings missed by Wartsila on Thursday, who reported EPS of €0.04 on revenue of €946M, compared to forecasts EPS of €0.0517 on revenue of €1.02B.

Valmet had beat expectations on Friday with first quarter EPS of €0.38 on revenue of €858.0M, compared to forecast for EPS of €0.2462 on revenue of €821.28M.

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

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