Investing.com - YIT reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
YIT announced earnings per share of €0.01 on revenue of €708.0M. Analysts polled by Investing.com anticipated EPS of €-0.03 on revenue of €604.56M. That with comparison to EPS of €-0.16 on revenue of €702M in the same period a year before. YIT had reported EPS of €0.41 on revenue of €1.15B in the previous quarter. Analysts are expecting EPS of €0.06 and revenue of €677.9M in the upcoming quarter.
YIT shares are down 16.11% from the beginning of the year , still down 29.78% from its 52 week high of €7.12 set on February 10. They are under-performing the EUR/USD which is down 0% year to date.
YIT follows other major Capital Goods sector earnings this month
YIT's report follows an earnings beat by KONE Oyj on April 22, who reported EPS of €0.31 on revenue of €2.2B, compared to forecasts EPS of €0.3 on revenue of €2.19B.
Valmet had missed expectations on April 23 with first quarter EPS of €0.2 on revenue of €821M, compared to forecast for EPS of €0.21 on revenue of €751.05M.
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