Investing.com - YIT reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
YIT announced earnings per share of €0.07 on revenue of €733.0M. Analysts polled by Investing.com anticipated EPS of €0.0708 on revenue of €684.71M.
YIT shares are down 23% from the beginning of the year, still down 11.90% from its 52 week high of €5.80 set on September 17, 2020. They are under-performing the STOXX 600 which is up 15.72% from the start of the year.
YIT follows other major Industrials sector earnings this month
YIT's report follows an earnings beat by KONE Oyj on July 20, who reported EPS of €0.55 on revenue of €2.81B, compared to forecasts EPS of €0.5153 on revenue of €2.64B.
Wartsila had missed expectations on July 20 with second quarter EPS of €0.06 on revenue of €1.13B, compared to forecast for EPS of €0.0895 on revenue of €1.1B.
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