Investing.com - TietoEVRY reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.53 on revenue of €730.9M. Analysts polled by Investing.com anticipated EPS of €0.5134 on revenue of €719.35M.
TietoEVRY shares are up 2% from the beginning of the year, still down 25.41% from its 52 week high of €30.46 set on September 7, 2021. They are outperforming the STOXX 600 which is down 10.16% from the start of the year.
TietoEVRY shares lost 100.00% in pre-market trade following the report.
TietoEVRY follows other major Information Technology sector earnings this month
TietoEVRY's report follows an earnings beat by Nokia Oyj on April 28, who reported EPS of €0.07 on revenue of €5.35B, compared to forecasts EPS of €0.0638 on revenue of €5.27B.
Qt had missed expectations on April 28 with first quarter EPS of €0.15 on revenue of €31.6M, compared to forecast for EPS of €0.25 on revenue of €35.78M.
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