Metso Outotec earnings, Revenue miss in Q4

  • Investing.com
Metso Outotec earnings, Revenue miss in Q4

Investing.com - Metso Outotec reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Metso Outotec announced earnings per share of €0.03 on revenue of €977M. Analysts polled by Investing.com anticipated EPS of €0.066 on revenue of €1.01B.

Metso Outotec shares are up 8% from the beginning of the year and are trading at €8.910 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is up 7.34% year to date.

Metso Outotec shares gained 3.60% 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 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, February 4, 2021 with fourth quarter EPS of €0.67 on revenue of €1.17B, compared to forecast for EPS of €0.563 on revenue of €1.05B.

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

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