TIETO.HE · PEAD → 31

Tietoevry reported Q2 2026 EPS of €0.32 on 2026-07-21, missing the €0.36 consensus by €0.04 (-11.1%); no prior-year comparable available in the feed.

Print-day reaction was essentially flat at +0.06% versus the prior close, a muted response to the EPS miss that left the stock just barely above its pre-earnings level. The overnight gap to T+1 open added +1.13%, suggesting sellers did not press the miss after-hours. Over the following two trading days the stock drifted a further +0.90%, so the mild positive tone held rather than reversing. Cumulative abnormal return of +1.61% versus SPY.US falls inside the ±3% neutral band, yielding a PEAD none verdict with low conviction; the holding window closes 2026-10-16.