Investing.com - Konecranes reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Konecranes announced earnings per share of €0.35 on revenue of €787.1M. Analysts polled by Investing.com anticipated EPS of €0.4921 on revenue of €821.19M.
Konecranes shares are down 83% from the beginning of the year and are trading at €25.44 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.23% 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, July 20, 2022, who reported EPS of €0.26 on revenue of €2.56B, compared to forecasts EPS of €0.394 on revenue of €2.74B.
Metso Outotec had missed expectations on Friday, July 22, 2022 with second quarter EPS of €-0.02 on revenue of €1.3B, compared to forecast for EPS of €0.1291 on revenue of €1.22B.
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