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Cargotec Oyj Earnings, Revenue Miss in Q4

Published 02/04/2022, 01:11 AM

Investing.com - Cargotec Oyj reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Cargotec Oyj announced earnings per share of €-0.13 on revenue of €910.2M. Analysts polled by Investing.com anticipated EPS of €0.8808 on revenue of €983.23M.

Cargotec Oyj shares are down 4% from the beginning of the year, still down 23.56% from its 52 week high of €52.80 set on September 7, 2021. They are outperforming the OMX Helsinki 25 which is down 5.08% from the start of the year.

Cargotec Oyj shares lost 100.00% in pre-market trade following the report.

Cargotec Oyj follows other major Industrials sector earnings this month

Cargotec Oyj's report follows an earnings missed by KONE Oyj on Wednesday, who reported EPS of €0.54 on revenue of €2.77B, compared to forecasts EPS of €0.5475 on revenue of €2.73B.

Wartsila had missed expectations on January 28 with fourth quarter EPS of €0.14 on revenue of €1.6B, compared to forecast for EPS of €0.1832 on revenue of €1.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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