Investing.com - Stora Enso Oyj R reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stora Enso Oyj R announced earnings per share of 0.27 on revenue of 2.59B. Analysts polled by Investing.com anticipated EPS of 0.2369 on revenue of 2.32B.
Stora Enso Oyj R shares are down 0% from the beginning of the year and are trading at 15.775 , down-from-52-week-high.They are under-performing the SMI which is up 12.45% from the start of the year.
Stora Enso Oyj R shares lost 0.03% 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 Wednesday, who reported EPS of 0.27 on revenue of 2.59B, compared to forecasts EPS of 0.2369 on revenue of 2.32B.
Kemira Oyj had beat expectations on Friday with second quarter EPS of 0.235 on revenue of 658M, compared to forecast for EPS of 0.2211 on revenue of 615.98M.
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