Investing.com - TietoEVRY reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.64 on revenue of €742.0M. Analysts polled by Investing.com anticipated EPS of €0.6564 on revenue of €727.67M.
TietoEVRY shares are down 15% from the beginning of the year and are trading at €25.70 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 4.31% 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 February 3, who reported EPS of €0.13 on revenue of €6.41B, compared to forecasts EPS of €0.1146 on revenue of €6.51B.
Detection Technology OY had missed expectations on February 2 with fourth quarter EPS of €0.19 on revenue of €24.7M, compared to forecast for EPS of €0.2032 on revenue of €25.27M.
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