Investing.com - Stora Enso Oyj R reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stora Enso Oyj R announced earnings per share of €0.22 on revenue of €2.28B. Analysts polled by Investing.com anticipated EPS of €0.2047 on revenue of €2.21B.
Stora Enso Oyj R shares are up 7% from the beginning of the year and are trading at €16.740 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.71% from the start of the year.
Stora Enso Oyj R shares gained 2.20% in intra-day trade the report.
Stora Enso Oyj R follows other major Basic Materials sector earnings this month
Stora Enso Oyj R's report follows an earnings beat by Stora Enso Oyj A on Friday, who reported EPS of €0.22 on revenue of €2.28B, compared to forecasts EPS of €0.2047 on revenue of €2.21B.
Huhtamaki Oyj had beat expectations on Thursday with first quarter EPS of €0.49 on revenue of €801.9M, compared to forecast for EPS of €0.4713 on revenue of €818.7M.
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