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Stora Enso Oyj R Earnings Beat, Revenue Misses In Q1

Investing.com - Stora Enso Oyj R reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Stora Enso Oyj R announced earnings per share of €0.12 on revenue of €2.21B. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €2.39B. That with comparison to EPS of €0.3 on revenue of €2.64B in the same period a year before. Stora Enso Oyj R had reported EPS of €0.69 on revenue of €2.41B in the previous quarter. Analysts are expecting EPS of €0.12 and revenue of €2.26B in the upcoming quarter.

Stora Enso Oyj R shares are down 22% from the beginning of the year , still down 23.57% from its 52 week high of €13.15 set on January 2. They are under-performing the OMX Helsinki 25 which is down 20.76% year to date.

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