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 €0.49 on revenue of €648.1M. Analysts polled by Investing.com anticipated EPS of €0.4923 on revenue of €656.97M.
TietoEVRY shares are down 0% from the beginning of the year, still down 11.56% from its 52 week high of €30.46 set on September 7. They are under-performing the OMX Helsinki 25 which is up 20.18% from the start of the year.
TietoEVRY follows other major Technology sector earnings this month
TietoEVRY's report follows an earnings beat by F-Secure Oyj on October 21, who reported EPS of €0.04 on revenue of €58.7M, compared to forecasts EPS of €0.03 on revenue of €58.82M.
Basware Oyj had missed expectations on October 19 with third quarter EPS of €-0.73 on revenue of €37.1M, compared to forecast for EPS of €-0.7246 on revenue of €37.08M.
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