Investing.com - Metsa Board Oyj B reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metsa Board Oyj B announced earnings per share of €0.26 on revenue of €582M. Analysts polled by Investing.com anticipated EPS of €0.2454 on revenue of €581.58M.
Metsa Board Oyj B shares are up 4% from the beginning of the year, still down 11.58% from its 52 week high of €11.01 set on April 29, 2021. They are outperforming the S&P Global 100 which is down 10.1% from the start of the year.
Metsa Board Oyj B follows other major Materials sector earnings this month
Metsa Board Oyj B's report follows an earnings beat by UPM-Kymmene on Tuesday, who reported EPS of €0.42 on revenue of €2.51B, compared to forecasts EPS of €0.3291 on revenue of €2.32B.
Stora Enso Oyj A had missed expectations on Thursday with first quarter EPS of €0.35 on revenue of €2.8B, compared to forecast for EPS of €0.4134 on revenue of €2.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar