Nokia Shares Surge As Q4 Earnings Beat Analyst Estimates [Yahoo! Finance News]
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 News
Nokia Corporation's NOK What Happened The Finnish telecom equipment maker reported earnings Nokia reported a quarterly profit of $1.24 billion, up 1% year-on-year, and beating analyst estimates by 3.67%. EPS for the financial year 2019 came at 24 cents and operating profit at $2.2 billion. Why It Matters The upbeat earnings came as a surprise as Nokia downgraded its outlook for the quarter in October. The company had said that it would pause dividend payments and invest more in fifth-generation wireless telecommunications technology, where it faces intense competition from South Korean and Chinese companies. It had put its expectations at an EPS of 15 cents EUR 0.135) per share for the quarter at the time. The rise in profits is primarily due to the various cost-cutting measure it took, Nokia said in the earnings report. "When I look at Nokia's full-year 2019 performance, we saw good progress in our strategic focus areas of enterprise and software," the company's CEO Rajeev Suri said
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News
- Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystemGlobeNewswire
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- Nokia and Islalink achieve 800Gbps capacity-reach record over the IONIAN submarine cableGlobeNewswire
- NOK Solutions to Boost Africa's Fiber Network: Will the Stock Gain? [Yahoo! Finance]Yahoo! Finance
- Nokia, Reflex and Net Nine Nine partner to bridge the digital divide in South AfricaGlobeNewswire
NOK
Earnings
- 10/17/24 - Miss
NOK
Sec Filings
- 11/12/24 - Form 6-K
- 11/8/24 - Form 6-K
- 10/31/24 - Form 6-K
- NOK's page on the SEC website