Metso Oyj (NASDAQ:MXCYY) released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.05), MarketWatch Earnings reports. Metso Oyj had a net margin of 5.33% and a return on equity of 10.95%. The company had revenue of $790.60 million for the quarter.
Shares of Metso Oyj (NASDAQ:MXCYY) traded down $0.03 during midday trading on Monday, reaching $9.02. The company’s stock had a trading volume of 2,099 shares, compared to its average volume of 3,769. Metso Oyj has a fifty-two week low of $6.41 and a fifty-two week high of $9.36.
Separately, Zacks Investment Research downgraded Metso Oyj from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th.
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About Metso Oyj
Metso Oyj is a global supplier of technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.
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