Investing.com - Stora Enso (OTC:SEOAY) Oyj R reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Stora Enso Oyj R announced earnings per share of €0.14 on revenue of €2.08B. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €2.14B.
Stora Enso Oyj R shares are up 4% from the beginning of the year, still down 8.49% from its 52 week high of €14.78 set on October 20. They are outperforming the STOXX 600 which is down 11.76% from the start of the year.
Stora Enso Oyj R shares lost 4.89% in intra-day trade following the report.
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