Investing.com - Nokia Oyj (HE:NOKIA) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nokia Oyj announced earnings per share of €0.06 on revenue of €5.09B. Analysts polled by Investing.com anticipated EPS of €0.03 on revenue of €5.24B.
Nokia Oyj shares are up 24% from the beginning of the year and are trading at €4.098 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is up 1.34% from the start of the year.
Nokia Oyj shares gained 13.58% in intra-day trade after the report.
Nokia Oyj follows other major Technology sector earnings this month
Nokia Oyj's report follows an earnings beat by TietoEVRY on Friday, July 24, 2020, who reported EPS of €0.45 on revenue of €686.4M, compared to forecasts EPS of €0.29 on revenue of €677.36M.
Vaisala Oyj A had matched expectations on Tuesday, July 21, 2020 with second quarter EPS of €0.17 on revenue of €91.4M, compared to forecast for EPS of €0.17 on revenue of €91.4M.
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