Investing.com - Nokia (HE:NOKIA) ADR reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Nokia ADR announced earnings per share of €0.06 on revenue of €6.22B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €6.38B.
Nokia ADR shares are up 9.16% from the beginning of the year and are trading at €4.05 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Nokia ADR follows other major Technology sector earnings this month
Nokia ADR's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of €1.82 on revenue of €37.15B, compared to forecasts EPS of €1.54 on revenue of €35.76B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of €0.92 on revenue of €12.4B, compared to forecast for EPS of €0.84 on revenue of €11.84B.
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