Investing.com - Konecranes reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Konecranes announced earnings per share of €0.64 on revenue of €948.9M. Analysts polled by Investing.com anticipated EPS of €0.8326 on revenue of €946.69M.
Konecranes shares are down 4% from the beginning of the year and are trading at €33.57 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is down 5.08% from the start of the year.
Konecranes shares lost 100.00% in pre-market trade following the report.
Konecranes follows other major Industrials sector earnings this month
Konecranes's report follows an earnings missed by KONE Oyj on Wednesday, who reported EPS of €0.54 on revenue of €2.77B, compared to forecasts EPS of €0.5475 on revenue of €2.73B.
Wartsila had missed expectations on Friday, January 28, 2022 with fourth quarter EPS of €0.14 on revenue of €1.6B, compared to forecast for EPS of €0.1832 on revenue of €1.38B.
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