Investing.com - Metsa Board Oyj B reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metsa Board Oyj B announced earnings per share of €0.31 on revenue of €651M. Analysts polled by Investing.com anticipated EPS of €0.2978 on revenue of €623.03M.
Metsa Board Oyj B shares are down 0% from the beginning of the year, still down 17.16% from its 52 week high of €10.49 set on May 18. They are outperforming the STOXX 600 which is down 10.15% 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 July 21, who reported EPS of €0.6 on revenue of €2.56B, compared to forecasts EPS of €0.5716 on revenue of €2.82B.
Stora Enso Oyj A had missed expectations on July 22 with second quarter EPS of €0.38 on revenue of €3.05B, compared to forecast for EPS of €0.525 on revenue of €2.98B.
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