Investing.com - YIT reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
YIT announced earnings per share of €0.00 on revenue of €471M. Analysts polled by Investing.com anticipated EPS of €-0.0087 on revenue of €484.98M.
YIT shares are down 10.76% from the beginning of the year, still down 32.16% from its 52 week high of €5.68 set on May 5, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
YIT follows other major Industrials sector earnings this month
YIT's report follows an earnings missed by KONE Oyj on Wednesday, who reported EPS of €0.25 on revenue of €2.44B, compared to forecasts EPS of €0.3473 on revenue of €2.48B.
Metso Outotec had missed expectations on April 21 with first quarter EPS of €0.11 on revenue of €1.16B, compared to forecast for EPS of €0.1144 on revenue of €1.14B.
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