Investing.com - Nokia (HE:NOKIA) ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokia ADR announced earnings per share of €0.0846 on revenue of €6.14B. Analysts polled by Investing.com anticipated EPS of €0.0144 on revenue of €5.65B.
Nokia ADR shares are up 27% from the beginning of the year and are trading at €4.20 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% 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 Apple on Wednesday, who reported EPS of €1.4 on revenue of €89.58B, compared to forecasts EPS of €0.983 on revenue of €76.71B.
Microsoft had beat expectations on Tuesday with third quarter EPS of €1.95 on revenue of €41.71B, compared to forecast for EPS of €1.78 on revenue of €41.04B.
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