Stock has risen 28% since January 2017
Nokia’s (NOK) stock price has risen almost 28% since the start of calendar 2017. Nokia announced its 1Q17 results on April 27, 2017, and its stock price has increased 7.5% since then. In fiscal 1Q17, Nokia reported revenue of 5.4 billion euros, or $5.7 billion, a fall of 2.5% from the revenue of 5.5 billion euros, or $5.9 billion, in 1Q16.
Nokia has two primary business segments: Nokia Networks and Nokia Technologies. Nokia Networks consists of Ultra Broadband Networks, IP[1.Internet protocol] Networks & Applications, and Services. In 1Q17, revenue from the Nokia Networks business fell 6% YoY (year-over-year) to 4.9 billion euros. Ultra Broadband Networks revenue fell 4% YoY to 3.7 billion euros, and IP Networks and Applications revenue fell 10% YoY to 1.3 billion euros. Nokia Technologies was the only segment to see its revenue rise, by 25% YoY to 247 million euros. Non-GAAP (generally accepted accounting principles) EPS (earnings per share) were $0.03 in 1Q17.
What analysts expected from Nokia in 1Q17
Analysts expected Nokia to post revenue of $5.8 billion with EPS of $0.03 in 1Q17. During the quarter, Nokia tried to stem revenue decline and improve profit margins. The company also saw signs of stabilization in its Mobile Networks segment and improvement in the Application & Analytics space in 1Q17.