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Konecranes Earnings Miss, Revenue Beats In Q4

Published 02/04/2022, 01:09 AM
Updated 02/04/2022, 01:09 AM

Investing.com - Konecranes reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Konecranes announced earnings per share of €0.64 on revenue of €948.9M. Analysts polled by Investing.com anticipated EPS of €0.8326 on revenue of €946.69M.

Konecranes shares are down 4% from the beginning of the year, still down 20.66% from its 52 week high of €42.31 set on September 7, 2021. They are outperforming the OMX Helsinki 25 which is down 5.08% from the start of the year.

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

Konecranes follows other major Industrials sector earnings this month

Konecranes'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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