Investing.com - Cargotec Oyj reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cargotec Oyj announced earnings per share of €0.41 on revenue of €776.6M. Analysts polled by Investing.com anticipated EPS of €0.5 on revenue of €765.78M.
Cargotec Oyj shares are up 5% from the beginning of the year and are trading at €31.78 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is up 3.41% from the start of the year.
Cargotec Oyj follows other major Capital Goods sector earnings this month
Cargotec Oyj's report follows an earnings matched by KONE Oyj on Thursday, who reported EPS of €0.5 on revenue of €2.59B, compared to forecasts EPS of €0.5 on revenue of €2.55B.
Ponsse Oyj 1 had beat expectations on Tuesday with third quarter EPS of €0.42 on revenue of €155M, compared to forecast for EPS of €0.23 on revenue of €128.57M.
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