Investing.com - Elisa Oyj reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Elisa Oyj announced earnings per share of €0.49 on revenue of €468.1M. Analysts polled by Investing.com anticipated EPS of €0.51 on revenue of €453.7M. That with comparison to EPS of €0.43 on revenue of €440M in the same period a year before.Elisa Oyj had reported EPS of €0.49 on revenue of €487.3M (NYSE:MMM) in the previous quarter.Analysts are expecting EPS of €0.51 and revenue of €460.71M in the upcoming quarter.
Elisa Oyj shares are down 5% from the beginning of the year and are trading at €55.42 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is down 18.2% year to date.
Elisa Oyj follows other major Services sector earnings this month
Elisa Oyj's report follows an earnings missed by Wartsila on Tuesday, who reported EPS of €0.05 on revenue of €1.17B, compared to forecasts EPS of €0.09 on revenue of €1.1B.
Alma Media had missed expectations on Tuesday with first quarter EPS of €0.1 on revenue of €61.9M, compared to forecast for EPS of €0.11 on revenue of €61.4M.
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