Investing.com - TietoEVRY reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.48 on revenue of €711.5M. Analysts polled by Investing.com anticipated EPS of €0.4158 on revenue of €694.64M.
TietoEVRY shares are up 7% from the beginning of the year and are trading at €28.88 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is up 12.12% from the start of the year.
TietoEVRY shares gained 2.70% in intra-day trade the report.
TietoEVRY follows other major Technology sector earnings this month
TietoEVRY's report follows an earnings beat by Nokia Oyj on Thursday, who reported EPS of €0.07 on revenue of €5.08B, compared to forecasts EPS of €0.012 on revenue of €4.73B.
Qt had beat expectations on April 22 with first quarter EPS of €0.16 on revenue of €23.4M, compared to forecast for EPS of €0.1114 on revenue of €23.03M.
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