Investing.com - TietoEVRY reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.48 on revenue of €744.2M. Analysts polled by Investing.com anticipated EPS of €0.41 on revenue of €742.61M. That with comparison to EPS of €0.41 on revenue of €408M in the same period a year before. TietoEVRY had reported EPS of €0.49 on revenue of €542.8M in the previous quarter. Analysts are expecting EPS of €0.27 and revenue of €682.33M in the upcoming quarter.
TietoEVRY shares are down 3% from the beginning of the year , still down 29.95% from its 52 week high of €31.32 set on February 12. They are outperforming the STOXX 600 which is down 18.22% year to date.
TietoEVRY follows other major Technology sector earnings this month
TietoEVRY's report follows an earnings matched by Qt on April 23, who reported EPS of €0.07 on revenue of €18.4M, compared to forecasts EPS of €0.07 on revenue of €18.4M.
Basware Oyj had missed expectations on April 21 with first quarter EPS of €-0.25 on revenue of €38.2M, compared to forecast for EPS of €-0.24 on revenue of €38.28M.
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