Investing.com - Kesko reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Kesko announced earnings per share of €0.48 on revenue of €2.65B. Analysts polled by Investing.com anticipated EPS of €0.33 on revenue of €2.74B.
Kesko shares are up 37% from the beginning of the year, still down 6.54% from its 52 week high of €23.24 set on October 12. They are outperforming the STOXX 600 which is down 17.81% from the start of the year.
Kesko follows other major Services sector earnings this month
Kesko's report follows an earnings missed by Elisa Oyj on October 16, who reported EPS of €0.55 on revenue of €467.5M, compared to forecasts EPS of €0.56 on revenue of €467.43M.
Wartsila had missed expectations on October 23 with third quarter EPS of €0.04 on revenue of €995M, compared to forecast for EPS of €0.07 on revenue of €1.06B.
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