Investing.com - TietoEVRY reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TietoEVRY announced earnings per share of €0.65 on revenue of €712M. Analysts polled by Investing.com anticipated EPS of €0.6976 on revenue of €739.76M.
TietoEVRY shares are down 1% from the beginning of the year and are trading at €26.52 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is up 6.36% from the start of the year.
TietoEVRY shares lost 6.49% 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 February 4, who reported EPS of €0.14 on revenue of €6.57B, compared to forecasts EPS of €0.1101 on revenue of €6.4B.
F-Secure Oyj had missed expectations on February 10 with fourth quarter EPS of €0.02 on revenue of €57.9M, compared to forecast for EPS of €0.0225 on revenue of €56.53M.
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