Investing.com - KONE Oyj reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
KONE Oyj announced earnings per share of €0.26 on revenue of €2.56B. Analysts polled by Investing.com anticipated EPS of €0.4343 on revenue of €2.83B.
KONE Oyj shares are down 27% from the beginning of the year and are trading at €45.50 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.38% from the start of the year.
KONE Oyj follows other major Industrials sector earnings this month
KONE Oyj's report follows an earnings missed by Finnair Oyj on Tuesday, who reported EPS of €-0.15 on revenue of €550M, compared to forecasts EPS of €-0.0615 on revenue of €529.14M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar