Investing.com - Nokia (HE:NOKIA) ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nokia ADR announced earnings per share of €0.0928 on revenue of €6.26B. Analysts polled by Investing.com anticipated EPS of €0.0744 on revenue of €6.36B.
Nokia ADR shares are up 24% from the beginning of the year and are trading at €5.760 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 18.69% from the start of the year.
Nokia ADR follows other major Technology sector earnings this month
Nokia ADR's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of €27.99 on revenue of €65.12B, compared to forecasts EPS of €23.84 on revenue of €63.47B.
Facebook had beat expectations on Monday with third quarter EPS of €3.22 on revenue of €29.01B, compared to forecast for EPS of €3.19 on revenue of €29.58B.
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