Investing.com - TietoEVRY reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.53 on revenue of €730.9M. Analysts polled by Investing.com anticipated EPS of €0.5134 on revenue of €719.35M.
TietoEVRY shares are down 17% from the beginning of the year and are trading at €22.72 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 14.65% 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, April 28, 2022, who reported EPS of €0.07 on revenue of €5.35B, compared to forecasts EPS of €0.0638 on revenue of €5.27B.
Qt had missed expectations on Thursday, April 28, 2022 with first quarter EPS of €0.15 on revenue of €31.6M, compared to forecast for EPS of €0.25 on revenue of €35.78M.
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