Investing.com - Konecranes reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Konecranes announced earnings per share of €0.23 on revenue of €704M. Analysts polled by Investing.com anticipated EPS of €0.3311 on revenue of €725.62M.
Konecranes shares are up 11% from the beginning of the year and are trading at €41.30 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.31% from the start of the year.
Konecranes shares gained 1.20% in intra-day trade following the report.
Konecranes follows other major Capital Goods sector earnings this month
Konecranes's report follows an earnings beat by Metso Outotec on Friday, who reported EPS of €0.08 on revenue of €925M, compared to forecasts EPS of €0.0729 on revenue of €976.1M.
Wartsila had missed expectations on Thursday, April 22, 2021 with first quarter EPS of €0.04 on revenue of €946M, compared to forecast for EPS of €0.0502 on revenue of €1.03B.
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