Investing.com - Kesko reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kesko announced earnings per share of €0.2 on revenue of €2.54B. Analysts polled by Investing.com anticipated EPS of €0.1342 on revenue of €2.48B.
Kesko shares are up 22% from the beginning of the year, still down 2.34% from its 52 week high of €26.47 set on April 8. They are outperforming the STOXX 600 which is up 10.28% from the start of the year.
Kesko shares lost 1.41% in intra-day trade following the report.
Kesko follows other major Services sector earnings this month
Kesko's report follows an earnings beat by Kesko on Wednesday, who reported EPS of €0.2 on revenue of €2.54B, compared to forecasts EPS of €0.1342 on revenue of €2.48B.
Elisa Oyj had beat expectations on April 21 with first quarter EPS of €0.51 on revenue of €481.6M, compared to forecast for EPS of €0.5096 on revenue of €480.69M.
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