Investing.com - TietoEVRY reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TietoEVRY announced earnings per share of €0.16 on revenue of €643.8M. Analysts polled by Investing.com anticipated EPS of €0.43 on revenue of €654.29M.
TietoEVRY shares are down 18% from the beginning of the year, still down 27.65% from its 52 week high of €31.32 set on February 12. They are under-performing the OMX Helsinki 25 which is up 0.37% from the start of the year.
TietoEVRY follows other major Technology sector earnings this month
TietoEVRY's report follows an earnings beat by Basware Oyj on October 19, who reported EPS of €-0.06 on revenue of €36.77M, compared to forecasts EPS of €-0.13 on revenue of €35.92M.
SSH Oyj had matched expectations on October 22 with third quarter EPS of €-0.02 on revenue of €2.6M, compared to forecast for EPS of €-0.02 on revenue of €3.2M.
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