Investing.com - Nokian Renkaat reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokian Renkaat announced earnings per share of €0.405 on revenue of €482M. Analysts polled by Investing.com anticipated EPS of €0.2006 on revenue of €461.93M.
Nokian Renkaat shares are down 3% from the beginning of the year and are trading at €11.04 , down-from-52-week-high.They are outperforming the S&P 500 which is down 14.16% year to date.
Nokian Renkaat follows other major Consumer Discretionary sector earnings this month
Nokian Renkaat's report follows an earnings matched by Fiskars on Thursday, July 28, 2022, who reported EPS of €0.41 on revenue of €319M, compared to forecasts EPS of €0.41 on revenue of €319M.
Tokmanni had beat expectations on Friday with second quarter EPS of €0.33 on revenue of €307M, compared to forecast for EPS of €0.3238 on revenue of €304.16M.
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