Investing.com - Nokia Oyj (HE:NOKIA) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nokia (NYSE:NOK) Oyj announced earnings per share of €0.06 on revenue of €5.09B. Analysts polled by Investing.com anticipated EPS of €0.03 on revenue of €5.24B.
Nokia Oyj shares are up 24% from the beginning of the year , still down 17.30% from its 52 week high of €4.95 set on August 1, 2019. They are outperforming the S&P Global (NYSE:SPGI) 100 which is up 1.34% from the start of the year.
Nokia Oyj shares gained 13.58% in intra-day trade following the report.
Nokia Oyj follows other major Technology sector earnings this month
Nokia Oyj's report follows an earnings beat by TietoEVRY on July 24, who reported EPS of €0.45 on revenue of €686.4M, compared to forecasts EPS of €0.29 on revenue of €677.36M.
Vaisala Oyj A had matched expectations on July 21 with second quarter EPS of €0.17 on revenue of €91.4M, compared to forecast for EPS of €0.17 on revenue of €91.4M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar