TIETO.HE · PEAD ↓ 71

Tietoevry reported Q3 2026 EPS of €0.46 on 2026-10-27, beating the €0.38 consensus by €0.08 (+21.1%).

Print-day reaction was –6.3% versus the prior close, a sharp sell-on-the-news move despite the EPS beat. The overnight gap to the T+1 open extended the damage by a further –0.1%, offering no recovery signal after hours. Over the subsequent two trading days the stock drifted an additional –0.5%, confirming the initial decline without meaningful mean-reversion. Cumulative abnormal return of –5.6% versus SPY.US puts this firmly in PEAD short territory; drift confirms the initial reaction, and the read extends through 2027-01-22.