Investing.com - Andritz AG reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Andritz AG announced earnings per share of €0.93 on revenue of €1.67B. Analysts polled by Investing.com anticipated EPS of €0.59 on revenue of €1.63B.
Andritz AG shares are down 21% from the beginning of the year, still down 29.35% from its 52 week high of €42.88 set on November 12, 2019. They are outperforming the ATX which is down 32.35% from the start of the year.
Andritz AG follows other major Capital Goods sector earnings this month
Andritz AG's report follows an earnings beat by Wienerberger AG on Friday, who reported EPS of €0.64 on revenue of €905.3M, compared to forecasts EPS of €0.46 on revenue of €850.95M.
Palfinger AG had beat expectations on October 30 with third quarter EPS of €0.27 on revenue of €372.7M, compared to forecast for EPS of €0.19 on revenue of €370M.
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