Investing.com - Metsa Board Oyj B reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Metsa Board Oyj B announced earnings per share of €0.2 on revenue of €518.5M. Analysts polled by Investing.com anticipated EPS of €0.1931 on revenue of €526.1M.
Metsa Board Oyj B shares are up 10.63% from the beginning of the year, still down 13.49% from its 52 week high of €11.01 set on April 29, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Metsa Board Oyj B follows other major Materials sector earnings this month
Metsa Board Oyj B's report follows an earnings beat by UPM-Kymmene on January 27, who reported EPS of €0.69 on revenue of €2.67B, compared to forecasts EPS of €0.5879 on revenue of €2.57B.
Stora Enso Oyj A had missed expectations on January 28 with fourth quarter EPS of €0.32 on revenue of €2.72B, compared to forecast for EPS of €0.3319 on revenue of €2.52B.
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