Investing.com - Stora Enso Oyj R reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stora Enso Oyj R announced earnings per share of €0.37 on revenue of €2.58B. Analysts polled by Investing.com anticipated EPS of €0.3337 on revenue of €2.48B.
Stora Enso Oyj R shares are up 18% from the beginning of the year and are trading at €14.350 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is up 19.02% from the start of the year.
Stora Enso Oyj R shares lost 1.78% 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 €0.37 on revenue of €2.58B, compared to forecasts EPS of €0.3337 on revenue of €2.48B.
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