Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokia Oyj announced earnings per share of €0.1 on revenue of €5.87B. Analysts polled by Investing.com anticipated EPS of €0.0838 on revenue of €5.61B.
Nokia Oyj shares are down 12% from the beginning of the year and are trading at €4.885 , down-from-52-week-high.They are outperforming the OMX Helsinki 25 which is down 16.52% from the start of the year.
Nokia Oyj shares gained 6.52% in intra-day trade the report.
Nokia Oyj follows other major Information Technology sector earnings this month
Nokia Oyj's report follows an earnings missed by Admicom on Monday, July 4, 2022, who reported EPS of €0.51 on revenue of €8.2M, compared to forecasts EPS of €0.5467 on revenue of €8.2M.
Efecte had beat expectations on Tuesday with second quarter EPS of €-0.01 on revenue of €5.3M (NYSE:MMM), compared to forecast for EPS of €-0.15 on revenue of €5.22M.
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