Investing.com - Kesko reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kesko announced earnings per share of €0.25 on revenue of €2.82B. Analysts polled by Investing.com anticipated EPS of €0.21 on revenue of €2.7B.
Kesko shares are up 8% from the beginning of the year , still down 2.56% from its 52 week high of €17.60 set on July 23. They are outperforming the STOXX 600 which is down 10.11% from the start of the year.
Kesko shares lost 0.23% in intra-day trade following the report.
Kesko follows other major Services sector earnings this month
Kesko's report follows an earnings missed by Elisa Oyj on July 14, who reported EPS of €0.49 on revenue of €460.8M, compared to forecasts EPS of €0.5 on revenue of €457.06M.
Kesko had beat expectations on Thursday with second quarter EPS of €0.25 on revenue of €2.82B, compared to forecast for EPS of €0.21 on revenue of €2.7B.
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