Kesko reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Kesko announced earnings per share of €0.33 on revenue of €2.54B. Analysts polled by anticipated EPS of €0.36 on revenue of €2.53B. That with comparison to EPS of €0.28 on revenue of €2.4B in the same period a year before. Kesko had reported EPS of €0.9 on revenue of €2.73B in the previous quarter. Analysts are expecting EPS of €0.6 and revenue of €2.59B in the upcoming quarter.
Kesko shares are down 3% from the beginning of the year , still down 12.98% from its 52 week high of €69.98 set on February 14. They are outperforming the STOXX 600 which is down 18.22% year to date.
Kesko follows other major Services sector earnings this month
Kesko's report follows an earnings missed by Elisa Oyj on April 22, who reported EPS of €0.49 on revenue of €468M, compared to forecasts EPS of €0.53 on revenue of €468.03M.
Kesko had missed expectations on Tuesday with first quarter EPS of €0.33 on revenue of €2.54B, compared to forecast for EPS of €0.36 on revenue of €2.53B.
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