Investing.com - Metso (OTC:MXTOF) Outotec reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Metso Outotec announced earnings per share of €0.09 on revenue of €1.02B. Analysts polled by Investing.com anticipated EPS of €0.1114 on revenue of €1.1B.
Metso Outotec shares are up 11% from the beginning of the year, still down 12.39% from its 52 week high of €10.43 set on April 26. They are under-performing the OMX Helsinki 25 which is up 18.16% from the start of the year.
Metso Outotec follows other major Capital Goods sector earnings this month
Metso Outotec's report follows an earnings missed by KONE Oyj on Thursday, who reported EPS of €0.5 on revenue of €2.61B, compared to forecasts EPS of €0.5025 on revenue of €2.61B.
Wartsila had missed expectations on October 24 with third quarter EPS of €0.08 on revenue of €1.1B, compared to forecast for EPS of €0.093 on revenue of €1.11B.
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