Investing.com - Metsa Board Oyj B reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metsa Board Oyj B announced earnings per share of €0.22 on revenue of €555.8M. Analysts polled by Investing.com anticipated EPS of €0.2125 on revenue of €520.65M.
Metsa Board Oyj B shares are up 12% from the beginning of the year and are trading at €9.705 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is up 22.26% from the start of the year.
Metsa Board Oyj B shares lost 0.61% in intra-day trade the report.
Metsa Board Oyj B follows other major Materials sector earnings this month
Metsa Board Oyj B's report follows an earnings beat by UPM-Kymmene on Thursday, July 22, 2021, who reported EPS of €0.45 on revenue of €2.38B, compared to forecasts EPS of €0.4071 on revenue of €2.25B.
Stora Enso Oyj A had beat expectations on Wednesday, July 21, 2021 with second quarter EPS of €0.27 on revenue of €2.59B, compared to forecast for EPS of €0.2396 on revenue of €2.33B.
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