Investing.com - Nokian Renkaat reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Nokian Renkaat announced earnings per share of €0.27 on revenue of €512.6M. Analysts polled by Investing.com anticipated EPS of €0.5133 on revenue of €468.64M.
Nokian Renkaat shares are down 14% from the beginning of the year and are trading at €28.35 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 4.6% from the start of the year.
Nokian Renkaat follows other major Consumer Discretionary sector earnings this month
Nokian Renkaat's report follows an earnings beat by Fiskars on Friday, who reported EPS of €0.245 on revenue of €353M, compared to forecasts EPS of €0.2421 on revenue of €318.5M.
Duell Oyj had beat expectations on Wednesday, February 2, 2022 with fourth quarter EPS of €0.03 on revenue of €27.2M, compared to forecast for EPS of €0.0135 on revenue of €24.7M.
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