Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nokia (NYSE:NOK) Oyj announced earnings per share of €0.13 on revenue of €6.41B. Analysts polled by Investing.com anticipated EPS of €0.1131 on revenue of €6.55B.
Nokia Oyj shares are down 6% from the beginning of the year, still down 9.29% from its 52 week high of €5.77 set on January 11. They are under-performing the S&P Global 100 which is down 0.87% from the start of the year.
Nokia Oyj shares lost 0.95% in intra-day trade following the report.
Nokia Oyj follows other major Information Technology sector earnings this month
Nokia Oyj's report follows an earnings missed by Admicom on January 14, who reported EPS of €0.36 on revenue of €6.3M, compared to forecasts EPS of €0.4279 on revenue of €6.3M.
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