Investing.com - Stora Enso (OTC:SEOAY) Oyj R reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stora Enso Oyj R announced earnings per share of €0.470 on revenue of €2.960. Analysts polled by Investing.com anticipated EPS of €0.413 on revenue of €2.89B.
Stora Enso Oyj R shares are down 6% from the beginning of the year, still down 31.93% from its 52 week high of €20.01 set on April 20.
Stora Enso Oyj R follows other major Materials sector earnings this month
Stora Enso Oyj R's report follows an earnings beat by Stora Enso Oyj A on Friday, who reported EPS of €0.47 on revenue of €2.96B, compared to forecasts EPS of €0.413 on revenue of €2.89B.
Huhtamaki Oyj had beat expectations on Friday with third quarter EPS of €0.89 on revenue of €1.18B, compared to forecast for EPS of €0.6069 on revenue of €1.11B.
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