X
<

Nokia Hopes This Will Drive Its Long-Term Revenues

PART:
1 2 3 4 5 6 7
Nokia Hopes This Will Drive Its Long-Term Revenues PART 1 OF 7

What’s Impacting Nokia’s Stock Price?

NOK’s stock fall since its 2Q17 results

Europe-based (EFA) hardware tech (QQQ) firm Nokia (NOK) has seen its stock fall 2.7% since it announced its 2Q17 results on July 27, 2017. Nokia’s stock closed at $6.20 on August 2, 2017, and is now trading 53.7% above its 52-week low of $4.04 and 6.7% below its 52-week high of $6.65.

In 2Q17, Nokia reported revenues of 5.63 billion euros (about $6.42 billion)—a fall of 1% YoY (year-over-year) from its revenues of 5.67 billion euros in 2Q16. Its EPS (earnings per share) came in at 0.08 euros (about $0.09) for the quarter ended June 30, 2017.

What&#8217;s Impacting Nokia’s Stock Price?

Interested in NOK? Don't miss the next report.

Receive e-mail alerts for new research on NOK

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Nokia beat the analyst estimate in 2Q17

Analysts expected Nokia to post revenues of $6.17, with EPS of $0.05 in fiscal 2Q17. Nokia beat the analyst revenue estimate by 4% and the earnings estimate by 80% in 2Q17 and has beaten its earnings estimates in three of the past four quarters. In 4Q16 and 3Q16, Nokia beat the EPS estimate by 62.5% and 25.0%, respectively, when the firm announced EPS of $0.13 and $0.05, respectively.

While Nokia’s revenues fell a marginal 1% in 2Q17, its EPS rose ~166%.

During the company’s 2Q17 earnings call, CEO (chief executive officer) Rajeev Suri stated: “Overall, I’m pleased with where we landed in the second quarter. We again reduced the rate of our top-line decline and delivered solid profitability, all while making good progress on executing our strategy.”

X

Please select a profession that best describes you: