Andritz AG reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Andritz AG announced earnings per share of €0.32 on revenue of €1.51B. Analysts polled by anticipated EPS of €0.43 on revenue of €1.51B. That with comparison to EPS of €0.61 on revenue of €1.49B in the same period a year before. Andritz AG had reported EPS of €0.97 on revenue of €1.92B in the previous quarter. Analysts are expecting EPS of €0.65 and revenue of €1.66B in the upcoming quarter.
Andritz AG shares are down 16.11% from the beginning of the year , still down 30.54% from its 52 week high of €42.88 set on November 12, 2019. They are outperforming the STOXX 600 which is down 18.35% year to date.
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