Investing.com - Krones AG reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Krones AG announced earnings per share of €1.72 on revenue of €991.5M. Analysts polled by Investing.com anticipated EPS of €0.9817 on revenue of €986.89M.
Krones AG shares are down 20.2% from the beginning of the year, still down 18.02% from its 52 week high of €99.60 set on November 5, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Krones AG follows other major Industrials sector earnings this month
Krones AG's report follows an earnings beat by Siemens AG on February 10, who reported EPS of €2.04 on revenue of €16.5B, compared to forecasts EPS of €1.86 on revenue of €16.06B.
Siemens Energy AG had missed expectations on February 9 with first quarter EPS of €-0.18 on revenue of €5.96B, compared to forecast for EPS of €0.1462 on revenue of €5.96B.
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