Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nokia (NYSE:NOK) Oyj announced earnings per share of €0.08 on revenue of €5.4B. Analysts polled by Investing.com anticipated EPS of €0.0633 on revenue of €5.41B.
Nokia Oyj shares are up 24% from the beginning of the year, still down 1.90% from its 52 week high of €5.38 set on July 29. They are outperforming the Euro Stoxx 50 which is up 18.69% from the start of the year.
Nokia Oyj shares gained 4.79% 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 Tuesday, who reported EPS of €0.5425 on revenue of €648.05M, compared to forecasts EPS of €0.4923 on revenue of €656.97M.
F-Secure Oyj had beat expectations on October 21 with third quarter EPS of €0.04 on revenue of €58.7M, compared to forecast for EPS of €0.03 on revenue of €58.82M.
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