Investing.com - Nokia Oyj (HE:NOKIA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nokia Oyj announced earnings per share of €0.07 on revenue of €5.08B. Analysts polled by Investing.com anticipated EPS of €0.012 on revenue of €4.73B.
Nokia Oyj shares are up 27% from the beginning of the year and are trading at €4.113 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% from the start of the year.
Nokia Oyj shares gained 15.23% in intra-day trade following the report.
Nokia Oyj follows other major Technology sector earnings this month
Nokia Oyj's report follows an earnings beat by Qt on Thursday, April 22, 2021, who reported EPS of €0.16 on revenue of €23.4M, compared to forecasts EPS of €0.1114 on revenue of €23.03M.
Basware Oyj had matched expectations on Tuesday, April 20, 2021 with first quarter EPS of €-0.1 on revenue of €37.7M, compared to forecast for EPS of €-0.1 on revenue of €37.71M.
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