Investing.com - Metsa Board Oyj B reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metsa Board Oyj B announced earnings per share of €0.13 on revenue of €471.2M. Analysts polled by Investing.com anticipated EPS of €0.12 on revenue of €466.37M.
Metsa Board Oyj B shares are up 37% from the beginning of the year, still down 11.79% from its 52 week high of €7.89 set on October 9. They are outperforming the STOXX 600 which is down 17.81% from the start of the year.
Metsa Board Oyj B follows other major Basic Materials sector earnings this month
Metsa Board Oyj B's report follows an earnings beat by UPM-Kymmene on Tuesday, who reported EPS of €0.29 on revenue of €2.03B, compared to forecasts EPS of €0.27 on revenue of €2.11B.
Stora Enso Oyj A had beat expectations on October 20 with third quarter EPS of €0.14 on revenue of €2.08B, compared to forecast for EPS of €0.1 on revenue of €2.14B.
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