Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Nokia Oyj announced earnings per share of €0.05 on revenue of €5.29B. Analysts polled by Investing.com anticipated EPS of €0.05 on revenue of €5.41B.
Nokia Oyj shares are down 12% from the beginning of the year and are trading at €2.874 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 17.42% from the start of the year.
Nokia Oyj shares lost 16.62% in intra-day trade the report.
Nokia Oyj follows other major Technology sector earnings this month
Nokia Oyj's report follows an earnings beat by TietoEVRY on Tuesday, who reported EPS of €0.5 on revenue of €643.9M, compared to forecasts EPS of €0.43 on revenue of €654.29M.
Vaisala Oyj A had matched expectations on Tuesday with third quarter EPS of €0.4 on revenue of €94M, compared to forecast for EPS of €0.4 on revenue of €97.62M.
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