Investing.com - Nokian Renkaat reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokian Renkaat announced earnings per share of €0.34 on revenue of €416.5M. Analysts polled by Investing.com anticipated EPS of €0.2326 on revenue of €376.45M.
Nokian Renkaat shares are down 26% from the beginning of the year, still down 65.53% from its 52 week high of €36.70 set on August 3, 2021. They are under-performing the OMX Helsinki 25 which is down 11.69% from the start of the year.
Nokian Renkaat shares lost 100.00% in pre-market trade following the report.
Nokian Renkaat follows other major Consumer Discretionary sector earnings this month
Nokian Renkaat's report follows an earnings missed by Puuilo Oyj on March 30, who reported EPS of €0.08 on revenue of €62.3M, compared to forecasts EPS of €0.0808 on revenue of €62.15M.
Duell Oyj had beat expectations on Wednesday with first quarter EPS of €0.0633 on revenue of €27.09M, compared to forecast for EPS of €0.06 on revenue of €27.08M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar