Investing.com - Nokian Renkaat reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokian Renkaat announced earnings per share of €0.47 on revenue of €416.2M. Analysts polled by Investing.com anticipated EPS of €0.3986 on revenue of €384.18M.
Nokian Renkaat shares are up 55% from the beginning of the year and are trading at €33.60 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 16.63% from the start of the year.
Nokian Renkaat follows other major Consumer Discretionary sector earnings this month
Nokian Renkaat's report follows an earnings matched by Fiskars on Thursday, July 29, 2021, who reported EPS of €0.4 on revenue of €307M, compared to forecasts EPS of €0.4 on revenue of €307M.
Tokmanni had beat expectations on Thursday, July 29, 2021 with second quarter EPS of €0.4067 on revenue of €302M, compared to forecast for EPS of €0.3668 on revenue of €285.48M.
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