Investing.com - KONE Oyj reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KONE Oyj announced earnings per share of €0.55 on revenue of €2.81B. Analysts polled by Investing.com anticipated EPS of €0.5154 on revenue of €2.64B.
KONE Oyj shares are up 6% from the beginning of the year and are trading at €70.82 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is up 11.36% from the start of the year.
KONE Oyj follows other major Capital Goods sector earnings this month
KONE Oyj's report follows an earnings missed by Wartsila on Tuesday, who reported EPS of €0.06 on revenue of €1.13B, compared to forecasts EPS of €0.0883 on revenue of €1.1B.
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