Investing.com - UPM-Kymmene reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
UPM-Kymmene announced earnings per share of €0.29 on revenue of €2.08B. Analysts polled by Investing.com anticipated EPS of €0.26 on revenue of €2.06B.
UPM-Kymmene shares are up 8% from the beginning of the year and are trading at €24.35 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.11% from the start of the year.
UPM-Kymmene shares gained 0.62% in intra-day trade the report.
UPM-Kymmene follows other major Basic Materials sector earnings this month
UPM-Kymmene's report follows an earnings beat by Stora Enso Oyj A on Tuesday, who reported EPS of €0.14 on revenue of €2.11B, compared to forecasts EPS of €0.1 on revenue of €2.14B.
Stora Enso Oyj R had beat expectations on Tuesday with second quarter EPS of €0.14 on revenue of €2.11B, compared to forecast for EPS of €0.1 on revenue of €2.14B.
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