Investing.com - Stora Enso Oyj R reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stora Enso Oyj R announced earnings per share of €0.32 on revenue of €2.72B. Analysts polled by Investing.com anticipated EPS of €0.3177 on revenue of €2.48B.
Stora Enso Oyj R shares are up 9% from the beginning of the year and are trading at €17.630 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is down 6.19% from the start of the year.
Stora Enso Oyj R shares gained 4.57% in intra-day trade the report.
Stora Enso Oyj R follows other major Materials sector earnings this month
Stora Enso Oyj R's report follows an earnings beat by UPM-Kymmene on Thursday, who reported EPS of €0.69 on revenue of €2.67B, compared to forecasts EPS of €0.576 on revenue of €2.54B.
Stora Enso Oyj A had beat expectations on Friday with fourth quarter EPS of €0.32 on revenue of €2.72B, compared to forecast for EPS of €0.3177 on revenue of €2.48B.
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