Investing.com - Cargotec Oyj reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cargotec Oyj announced earnings per share of €0.7171 on revenue of €873M. Analysts polled by Investing.com anticipated EPS of €0.7135 on revenue of €887.25M.
Cargotec Oyj shares are down 2% from the beginning of the year, still down 0.80% from its 52 week high of €42.44 set on February 5. They are under-performing the DAX which is up 2.77% from the start of the year.
Cargotec Oyj follows other major Capital Goods sector earnings this month
Cargotec Oyj's report follows an earnings missed by KONE Oyj on January 28, who reported EPS of €0.55 on revenue of €2.62B, compared to forecasts EPS of €0.5687 on revenue of €2.69B.
Valmet had beat expectations on Thursday with fourth quarter EPS of €0.67 on revenue of €1.17B, compared to forecast for EPS of €0.5619 on revenue of €1.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar