Investing.com - Nokia Oyj (HE:NOKIA) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nokia Oyj announced earnings per share of €0.06 on revenue of €5.09B. Analysts polled by Investing.com anticipated EPS of €0.03 on revenue of €5.24B.
Nokia Oyj shares are up 24% from the beginning of the year and are trading at €4.098 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is up 1.34% from the start of the year.
Nokia Oyj shares gained 13.58% in intra-day trade the report.
Nokia Oyj follows other major Technology sector earnings this month
Nokia Oyj's report follows an earnings beat by TietoEVRY on July 24, who reported EPS of €0.45 on revenue of €686.4M, compared to forecasts EPS of €0.29 on revenue of €677.36M.
Vaisala Oyj A had matched expectations on July 21 with second quarter EPS of €0.17 on revenue of €91.4M, compared to forecast for EPS of €0.17 on revenue of €91.4M.
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