Investing.com - Konecranes reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Konecranes announced earnings per share of €0.64 on revenue of €773.6M. Analysts polled by Investing.com anticipated EPS of €0.6046 on revenue of €819.46M.
Konecranes shares are down 13% from the beginning of the year and are trading at €36.03 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 18.63% from the start of the year.
Konecranes shares lost 0.17% in intra-day trade after the report.
Konecranes follows other major Capital Goods sector earnings this month
Konecranes's report follows an earnings missed by KONE Oyj on Friday, who reported EPS of €0.50 on revenue of €2.61B, compared to forecasts EPS of €0.5263 on revenue of €2.71B.
Wartsila had missed expectations on Sunday with third quarter EPS of €0.08 on revenue of €1.1B, compared to forecast for EPS of €0.0946 on revenue of €1.11B.
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