Investing.com - Telia Company reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telia Company announced earnings per share of €0.0354 on revenue of €2.13B. Analysts polled by Investing.com anticipated EPS of €0.0377 on revenue of €2.09B.
Telia Company shares are up 3% from the beginning of the year and are trading at €3.563 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is down 15.63% from the start of the year.
Telia Company shares lost 0.06% in intra-day trade the report.
Telia Company follows other major Communication Services sector earnings this month
Telia Company's report follows an earnings missed by Elisa Oyj on July 15, who reported EPS of €0.55 on revenue of €521.5M, compared to forecasts EPS of €0.5621 on revenue of €506.06M.
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