Metso Oyj (MXCYY) Posts Earnings Results

Metso Oyj (NASDAQ:MXCYY) released its quarterly earnings data on Thursday. The industrial products company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $790.60 million during the quarter.

Metso Oyj (NASDAQ:MXCYY) traded up 0.0000% on Friday, hitting $9.0328. Metso Oyj has a 52-week low of $6.41 and a 52-week high of $9.36. The company has a 50 day moving average of $8.97 and a 200 day moving average of $8.55. The company has a market capitalization of $5.42 billion and a PE ratio of 34.4107.

Separately, Zacks Investment Research lowered shares of 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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