Investing.com - YIT reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
YIT announced earnings per share of €0.06 on revenue of €606.0M. Analysts polled by Investing.com anticipated EPS of €0.0243 on revenue of €597.61M.
YIT shares are up 4.42% from the beginning of the year, still down 11.21% from its 52 week high of €5.80 set on September 17, 2020. They are outperforming the EUR/USD which is down 0% from the start of the year.
YIT follows other major Capital Goods sector earnings this month
YIT's report follows an earnings beat by KONE Oyj on Wednesday, who reported EPS of €0.37 on revenue of €2.33B, compared to forecasts EPS of €0.3619 on revenue of €2.23B.
Metso Outotec had beat expectations on April 23 with first quarter EPS of €0.08 on revenue of €925M, compared to forecast for EPS of €0.0729 on revenue of €976.1M.
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