Telia Company Earnings miss, Revenue beats In Q1

  • Investing.com
Telia Company Earnings miss, Revenue beats In Q1

Investing.com - Telia Company reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Telia Company announced earnings per share of €0.022 on revenue of €2.09B. Analysts polled by Investing.com anticipated EPS of €0.0313 on revenue of €2.07B.

Telia Company shares are up 17% from the beginning of the year and are trading at €3.960 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.4% from the start of the year.

Telia Company shares gained 5.18% in intra-day trade the report.

Telia Company follows other major Communication Services sector earnings this month

Telia Company's report follows an earnings beat by Elisa Oyj on Friday, who reported EPS of €0.55 on revenue of €511M, compared to forecasts EPS of €0.5395 on revenue of €500.08M.

Alma Media had beat expectations on Friday with first quarter EPS of €0.19 on revenue of €76.2M, compared to forecast for EPS of €0.1404 on revenue of €71.81M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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