Investing.com - Telia Company reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telia Company announced earnings per share of €0.0354 on revenue of €2.13B. Analysts polled by Investing.com anticipated EPS of €0.0377 on revenue of €2.09B.
Telia Company shares are up 1% from the beginning of the year, still down 11.24% from its 52 week high of €4.01 set on April 28. They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Telia Company shares lost 0.06% in intra-day trade following the report.
Telia Company follows other major Communication Services sector earnings this month
Telia Company's report follows an earnings missed by Elisa Oyj on July 15, who reported EPS of €0.55 on revenue of €521.5M, compared to forecasts EPS of €0.5621 on revenue of €506.06M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar