Investing.com - Konecranes reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Konecranes announced earnings per share of €0.38 on revenue of €704.7M. Analysts polled by Investing.com anticipated EPS of €0.07 on revenue of €654.99M.
Konecranes shares are down 16% from the beginning of the year and are trading at €22.92 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 1.12% from the start of the year.
Konecranes follows other major Capital Goods sector earnings this month
Konecranes's report follows an earnings beat by KONE Oyj on Thursday, July 16, 2020, who reported EPS of €0.47 on revenue of €2.53B, compared to forecasts EPS of €0.38 on revenue of €2.32B.
Valmet had beat expectations on Thursday with second quarter EPS of €0.29 on revenue of €919M, compared to forecast for EPS of €0.19 on revenue of €836.82M.
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