Investing.com - TietoEVRY reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.53 on revenue of €730.9M. Analysts polled by Investing.com anticipated EPS of €0.5134 on revenue of €719.35M.
TietoEVRY shares are down 17% from the beginning of the year and are trading at €22.72 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 14.65% from the start of the year.
TietoEVRY shares lost 100.00% in pre-market trade the report.
TietoEVRY follows other major Information Technology sector earnings this month
TietoEVRY's report follows an earnings beat by Nokia Oyj on April 28, who reported EPS of €0.07 on revenue of €5.35B, compared to forecasts EPS of €0.0638 on revenue of €5.27B.
Qt had missed expectations on April 28 with first quarter EPS of €0.15 on revenue of €31.6M, compared to forecast for EPS of €0.25 on revenue of €35.78M.
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