Investing.com - Neles Oyj reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Neles Oyj announced earnings per share of €0.09 on revenue of €146.2M. Analysts polled by Investing.com anticipated EPS of €0.1043 on revenue of €144.88M.
Neles Oyj shares are up 25% from the beginning of the year, still down 2.75% from its 52 week high of €14.02 set on July 15. They are outperforming the OMX Helsinki 25 which is up 23.44% from the start of the year.
Neles Oyj follows other major Capital Goods sector earnings this month
Neles Oyj's report follows an earnings beat by KONE Oyj on Tuesday, who reported EPS of €0.55 on revenue of €2.81B, compared to forecasts EPS of €0.5154 on revenue of €2.64B.
Wartsila had missed expectations on Tuesday with second quarter EPS of €0.06 on revenue of €1.13B, compared to forecast for EPS of €0.0883 on revenue of €1.1B.
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