KONE falls after Q3 earnings miss
28/10/2026 08:39
BUZZ-KONE falls after Q3 earnings miss Oct 28 - ** Shares in KONE fall 4% after the Finnish elevator company's Q3 results missed expectations
** Its adjusted EBIT grew 8% in the quarter to €369 million, but came in below the €376.1 million forecast from analysts polled by Vara Research
** JPM noted KONE's orders and sales growth "bode well" into Q4 but the group "exhibited less momentum" than the company's Swiss peer Schindler <SCHP.S>
** Last week Schindler posted Q3 results above expectations and upgraded its FY outlook, sending its shares higher
(Reporting by Jakub Lubiński)
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