Investing.com - Cargotec Oyj reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cargotec Oyj announced earnings per share of €0.61 on revenue of €958.6M. Analysts polled by Investing.com anticipated EPS of €0.7594 on revenue of €973.37M.
Cargotec Oyj shares are down 30% from the beginning of the year and are trading at €30.30 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 16.42% from the start of the year.
Cargotec Oyj follows other major Industrials sector earnings this month
Cargotec Oyj's report follows an earnings missed by KONE Oyj on Wednesday, who reported EPS of €0.26 on revenue of €2.56B, compared to forecasts EPS of €0.4343 on revenue of €2.83B.
Finnair Oyj had missed expectations on Tuesday with second quarter EPS of €-0.15 on revenue of €550M, compared to forecast for EPS of €-0.0615 on revenue of €529.14M.
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