Investing.com - Stora Enso Oyj R reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Stora Enso Oyj R announced earnings per share of 0.09 on revenue of 2.15B. Analysts polled by Investing.com anticipated EPS of 0.1101 on revenue of 2.16B.
Stora Enso Oyj R shares are up 6% from the beginning of the year and are trading at 15.235 , down-from-52-week-high.They are outperforming the OMXS30 which is up 5.49% from the start of the year.
Stora Enso Oyj R shares lost 0.75% in intra-day trade after the report.
Stora Enso Oyj R follows other major Basic Materials sector earnings this month
Stora Enso Oyj R's report follows an earnings beat by UPM-Kymmene on Thursday, who reported EPS of 0.35 on revenue of 2.19B, compared to forecasts EPS of 0.2874 on revenue of 2.16B.
Stora Enso Oyj A had missed expectations on Friday with fourth quarter EPS of 0.09 on revenue of 2.15B, compared to forecast for EPS of 0.1101 on revenue of 2.16B.
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