Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Nokia Oyj announced earnings per share of €0.01 on revenue of €4.91B. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €5.16B. That with comparison to EPS of €-0.02 on revenue of €5.03B in the same period a year before.Nokia Oyj had reported EPS of €0.15 on revenue of €6.9B in the previous quarter.Analysts are expecting EPS of €0.04 and revenue of €5.6B in the upcoming quarter.
Nokia Oyj shares are down 40% from the beginning of the year and are trading at €3.321 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 18.28% year to date.
Nokia Oyj shares gained 1.78% 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 Tuesday, who reported EPS of €0.45 on revenue of €744.1M, compared to forecasts EPS of €0.41 on revenue of €742.61M.
Vaisala Oyj A had beat expectations on Tuesday with first quarter EPS of €0.11 on revenue of €87.2M, compared to forecast for EPS of €0.07 on revenue of €86.95M.
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