UPM-Kymmene Earnings, Revenue beat In Q2

  • Investing.com
UPM-Kymmene Earnings, Revenue beat In Q2

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 €0.45 on revenue of €2.38B. Analysts polled by Investing.com anticipated EPS of €0.4018 on revenue of €2.25B.

UPM-Kymmene shares are up 10% from the beginning of the year and are trading at €33.70 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is up 21.98% from the start of the year.

UPM-Kymmene shares gained 2.59% 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 Wednesday, who reported EPS of €0.27 on revenue of €2.59B, compared to forecasts EPS of €0.2369 on revenue of €2.32B.

Huhtamaki Oyj had beat expectations on Thursday with second quarter EPS of €0.53 on revenue of €877.1M, compared to forecast for EPS of €0.4714 on revenue of €848.11M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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