Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokia (NYSE:NOK) Oyj announced earnings per share of €0.07 on revenue of €5.35B. Analysts polled by Investing.com anticipated EPS of €0.0642 on revenue of €5.26B.
Nokia Oyj shares are up 11% from the beginning of the year, still down 14.99% from its 52 week high of €5.77 set on January 11. They are outperforming the STOXX 600 which is down 7.97% from the start of the year.
Nokia Oyj shares gained 1.94% 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 beat by Basware Oyj on April 21, who reported EPS of €0.07 on revenue of €38.9M, compared to forecasts EPS of €-0.0103 on revenue of €39.53M.
Scanfil had beat expectations on April 22 with first quarter EPS of €0.12 on revenue of €197M, compared to forecast for EPS of €0.115 on revenue of €179.4M.
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