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Metso Outotec Earnings, Revenue Miss in Q4

Published 02/16/2021, 09:47 AM
Updated 02/16/2021, 09:47 AM

Investing.com - Metso (OTC:MXTOF) Outotec reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Metso Outotec announced earnings per share of €0.03 on revenue of €977M. Analysts polled by Investing.com anticipated EPS of €0.066 on revenue of €1.01B.

Metso Outotec shares are up 8% from the beginning of the year, still down 2.68% from its 52 week high of €9.15 set on February 16. They are outperforming the OMX Helsinki 25 which is up 7.34% from the start of the year.

Metso Outotec shares gained 3.60% in intra-day trade following the report.

Metso Outotec follows other major Capital Goods sector earnings this month

Metso Outotec's report follows an earnings missed by KONE Oyj on January 28, who reported EPS of €0.55 on revenue of €2.62B, compared to forecasts EPS of €0.5687 on revenue of €2.69B.

Valmet had beat expectations on February 4 with fourth quarter EPS of €0.67 on revenue of €1.17B, compared to forecast for EPS of €0.563 on revenue of €1.05B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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