Nokia (NOK) Q2 Earnings Beat Estimates, Revenues Fall Y/Y [Yahoo! Finance]
Nokia Corporation Sponsored American Depositary Shares (NOK)
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am
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Source: Yahoo! Finance
Nokia Corporation NOK reported mixed second-quarter 2024 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. Sluggish demand in several regions, including India, Greater China and Europe led to a top-line contraction year over year. However, multiple deal wins in North America in the Network Infrastructure segment partially supported the top line. Net Income Nokia reported a net loss of €142 million ($153 million) or a loss of €0.03 (3 cents) per share in the second quarter against an income of €289 million or €0.05 per share in the year-ago quarter. Non-cash impairment charges of €514 million ($553 million) related to Submarine Networks affected the bottom line. Comparable profit was €328 million ($353 million) or €0.06 (6 cents) per share, down from €409 million or €0.07 per share in the year-earlier quarter. The downturn is primarily attributed to net sales decline and higher operating expenses year over year. However, the
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News
- Nokia named a Leader in the 2024 Gartner® Magic Quadrant™ for CSP 5G Core Network Infrastructure SolutionsGlobeNewswire
- Nokia Oyj (NYSE: NOK) had its "outperform" rating re-affirmed by analysts at Northland Securities. They now have a $6.50 price target on the stock, up previously from $6.00.MarketBeat
- Nokia to Expand Research Facility in Chennai: Stock to Benefit? [Yahoo! Finance]Yahoo! Finance
- Nokia signs strategic deal with AT&T to accelerate future-ready fiber broadband growthGlobeNewswire
- Nokia and RUCKUS Networks collaborate to deliver integrated fiber and Wi-Fi in-building/campus connectivityGlobeNewswire
NOK
Earnings
- 7/18/24 - Beat
NOK
Analyst Actions
- 9/4/24 - Northland Securities
NOK
Sec Filings
- 8/30/24 - Form 6-K
- 8/29/24 - Form 6-K
- 8/22/24 - Form EFFECT
- NOK's page on the SEC website