Investing.com - TietoEVRY reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.64 on revenue of €742.0M. Analysts polled by Investing.com anticipated EPS of €0.6564 on revenue of €727.67M.
TietoEVRY shares are down 15% from the beginning of the year and are trading at €25.70 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 4.31% from the start of the year.
TietoEVRY shares lost 100.00% in pre-market trade the report.
TietoEVRY follows other major Information Technology sector earnings this month
TietoEVRY's report follows an earnings beat by Nokia Oyj on Thursday, February 3, 2022, who reported EPS of €0.13 on revenue of €6.41B, compared to forecasts EPS of €0.1146 on revenue of €6.51B.
Detection Technology OY had missed expectations on Wednesday, February 2, 2022 with fourth quarter EPS of €0.19 on revenue of €24.7M, compared to forecast for EPS of €0.2032 on revenue of €25.27M.
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