Investing.com - Neles Oyj reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Neles Oyj announced earnings per share of €0.09 on revenue of €155.0M. Analysts polled by Investing.com anticipated EPS of €0.0755 on revenue of €147.43M.
Neles Oyj shares are up 5% from the beginning of the year, still down 7.28% from its 52 week high of €12.30 set on July 31, 2020. They are broadly in line with the OMX Helsinki 25 which is up 5.08% from the start of the year.
Neles Oyj shares lost 100.00% in pre-market trade following the report.
Neles Oyj follows other major Capital Goods sector earnings this month
Neles Oyj'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.
YIT had missed expectations on Thursday with fourth quarter EPS of €0.19 on revenue of €975.0M, compared to forecast for EPS of €0.1987 on revenue of €989.5M.
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