Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokia Oyj announced earnings per share of €0.07 on revenue of €5.35B. Analysts polled by Investing.com anticipated EPS of €0.0642 on revenue of €5.26B.
Nokia Oyj shares are down 12% from the beginning of the year and are trading at €4.900 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 10.1% from the start of the year.
Nokia Oyj shares gained 1.86% in intra-day trade the report.
Nokia Oyj follows other major Information Technology sector earnings this month
Nokia Oyj's report follows an earnings beat by Basware Oyj on Thursday, April 21, 2022, who reported EPS of €0.07 on revenue of €38.9M, compared to forecasts EPS of €-0.0103 on revenue of €39.53M.
Scanfil had beat expectations on Friday, April 22, 2022 with first quarter EPS of €0.12 on revenue of €197M, compared to forecast for EPS of €0.115 on revenue of €179.4M.
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