Investing.com - TietoEVRY reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TietoEVRY announced earnings per share of €0.48 on revenue of €744.2M. Analysts polled by Investing.com anticipated EPS of €0.41 on revenue of €742.61M. That with comparison to EPS of €0.41 on revenue of €408M in the same period a year before.TietoEVRY had reported EPS of €0.49 on revenue of €542.8M in the previous quarter.Analysts are expecting EPS of €0.27 and revenue of €682.33M in the upcoming quarter.
TietoEVRY shares are down 3% from the beginning of the year and are trading at €21.94 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 18.22% year to date.
TietoEVRY follows other major Technology sector earnings this month
TietoEVRY's report follows an earnings matched by Qt on Thursday, April 23, 2020, who reported EPS of €0.07 on revenue of €18.4M, compared to forecasts EPS of €0.07 on revenue of €18.4M.
Basware Oyj had missed expectations on Tuesday, April 21, 2020 with first quarter EPS of €-0.25 on revenue of €38.2M, compared to forecast for EPS of €-0.24 on revenue of €38.28M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar