Investing.com - Nokia (HE:NOKIA) ADR reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nokia ADR announced earnings per share of €0.07 on revenue of €5.35B. Analysts polled by Investing.com anticipated EPS of €0.0716 on revenue of €5.86B.
Nokia ADR shares are down 18.97% from the beginning of the year and are trading at €5.040 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Nokia ADR follows other major Information Technology sector earnings this month
Nokia ADR's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of €2.22 on revenue of €49.36B, compared to forecasts EPS of €2.19 on revenue of €49.01B.
Taiwan Semiconductor had beat expectations on April 14 with first quarter EPS of €1.35 on revenue of €16.94B, compared to forecast for EPS of €1.27 on revenue of €16.73B.
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