Investing.com - KONE Oyj reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
KONE Oyj announced earnings per share of €0.54 on revenue of €2.77B. Analysts polled by Investing.com anticipated EPS of €0.5475 on revenue of €2.73B.
KONE Oyj shares are down 10% from the beginning of the year, still down 23.21% from its 52 week high of €73.86 set on April 28, 2021. They are under-performing the OMX Helsinki 25 which is down 3.43% from the start of the year.
KONE Oyj shares lost 0.67% in intra-day trade following the report.
KONE Oyj follows other major Industrials sector earnings this month
KONE Oyj's report follows an earnings missed by Wartsila on Friday, who reported EPS of €0.14 on revenue of €1.6B, compared to forecasts EPS of €0.1832 on revenue of €1.38B.
Lassila&Tikanoja had beat expectations on January 27 with fourth quarter EPS of €0.24 on revenue of €223.5M, compared to forecast for EPS of €0.19 on revenue of €223.75M.
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