Investing.com - YIT reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
YIT announced earnings per share of €0.06 on revenue of €545M. Analysts polled by Investing.com anticipated EPS of €0.0387 on revenue of €544.23M.
YIT shares are up 8% from the beginning of the year, still down 37.71% from its 52 week high of €5.33 set on July 29, 2021. They are under-performing the PSI which is up 9.94% from the start of the year.
YIT follows other major Consumer Discretionary sector earnings this month
YIT's report follows an earnings beat by Fiskars on Thursday, who reported EPS of €0.41 on revenue of €319M, compared to forecasts EPS of €0.3125 on revenue of €296M.
Stockmann Abp B had missed expectations on July 22 with second quarter EPS of €0.52 on revenue of €269M, compared to forecast for EPS of €1.11 on revenue of €297M.
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