Investing.com - KONE Oyj reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
KONE Oyj announced earnings per share of €0.50 on revenue of €2.61B. Analysts polled by Investing.com anticipated EPS of €0.5263 on revenue of €2.71B.
KONE Oyj shares are down 13% from the beginning of the year, still down 23.97% from its 52 week high of €75.44 set on November 9, 2020. They are under-performing the STOXX 600 which is up 18.63% from the start of the year.
KONE Oyj shares lost 0.17% in intra-day trade following the report.
KONE Oyj follows other major Capital Goods sector earnings this month
KONE Oyj's report follows an earnings missed by Wartsila on Sunday, who reported EPS of €0.08 on revenue of €1.1B, compared to forecasts EPS of €0.0946 on revenue of €1.11B.
Valmet had beat expectations on Tuesday with third quarter EPS of €0.5 on revenue of €935M, compared to forecast for EPS of €0.4419 on revenue of €936.97M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar