Investing.com - Cargotec Oyj reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cargotec Oyj announced earnings per share of €-0.56 on revenue of €755.8M. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €673.15M.
Cargotec Oyj shares are up 10% from the beginning of the year and are trading at €25.52 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.37% from the start of the year.
Cargotec Oyj follows other major Capital Goods sector earnings this month
Cargotec Oyj's report follows an earnings beat by KONE Oyj on Friday, who reported EPS of €0.47 on revenue of €2.53B, compared to forecasts EPS of €0.39 on revenue of €2.33B.
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