Investing.com - Metso (OTC:MXTOF) Outotec reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Metso Outotec announced earnings per share of €0.11 on revenue of €1.16B. Analysts polled by Investing.com anticipated EPS of €0.1163 on revenue of €1.14B.
Metso Outotec shares are down 6% from the beginning of the year, still down 17.34% from its 52 week high of €10.59 set on January 20. They are outperforming the OMX Helsinki 25 which is down 9.55% from the start of the year.
Metso Outotec shares gained 11.72% in intra-day trade following the report.
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