Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokia Oyj announced earnings per share of €0.07 on revenue of €5.08B. Analysts polled by Investing.com anticipated EPS of €0.012 on revenue of €4.73B.
Nokia Oyj shares are up 27% from the beginning of the year and are trading at €4.113 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% from the start of the year.
Nokia Oyj shares gained 15.23% 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 Qt on April 22, who reported EPS of €0.16 on revenue of €23.4M, compared to forecasts EPS of €0.1114 on revenue of €23.03M.
Basware Oyj had matched expectations on April 20 with first quarter EPS of €-0.1 on revenue of €37.7M, compared to forecast for EPS of €-0.1 on revenue of €37.71M.
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