February 7, 2018 / 7:16 AM / 8 months ago

Hexagon Q4 earnings top forecasts as sales growth picks up

STOCKHOLM, Feb 7 (Reuters) - Swedish measurement technology and software firm Hexagon on Wednesday reported fourth-quarter core earnings ahead of analyst forecasts and said like-for-like sales growth had picked up sharply from the previous quarter.

Adjusted quarterly operating earnings at Stockholm-listed Hexagon rose to 247 million euros ($306 million) from 209 million in the year-ago quarter, beating a 231 million forecast in a poll of analysts.

The company said like-for-like sales growth was 10 percent in the quarter, a marked acceleration from the 6 percent growth seen in the third quarter, and ahead of the mean forecast for a 5 percent rise. ($1 = 0.8069 euros) (Reporting by Johannes Hellstrom; Editing by Simon Johnson)

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