Nokia

2024 - 1 - 25

Nokia's Profit Exceeds Expectations Amid Forecasted Demand Recovery

global RAN industry - network infrastructure - Nokia - profit forecasts - telecommunications

Nokia beats profit expectations and anticipates a demand rebound in the second half of the year, despite challenges in sales and profit. Learn more about Nokia's recent financial performance and future outlook.

Nokia recently surpassed profit expectations despite experiencing weak 5G equipment sales, signaling a hopeful forecast for demand recovery in the latter part of the year. The Finnish telecom giant reported a significant decline in sales and profit in the last quarter of 2023, attributing it to economic challenges. However, Nokia managed to limit the impact of a 23% drop in sales through effective cost-cutting strategies, leading to better-than-expected margins.

Additionally, Nokia anticipates a potential pickup in network infrastructure demand in 2024, fueling optimism for improved sales performance. The CEO, Pekka Lundmark, expressed disappointment in AT&T's partnership with Ericsson, highlighting the competitive landscape Nokia navigates. Despite initial earnings missing estimates, Nokia's optimistic outlook for 2024 boosted investor confidence and drove stock gains.

Orders have increased in Nokia's network infrastructure unit, especially from non-telecom customers, although mobile sales might experience a decline of up to 15% this year. Ericsson and Nokia continue to shape the global RAN industry in 2024, with Nokia reporting cautious results but foreseeing positive developments ahead.

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Image courtesy of "Reuters"

Nokia beats profit expectations and forecasts demand recovery (Reuters)

Nokia expects a demand recovery in the second half of the year, it said on Thursday after weak sales of 5G equipment were offset by the Finnish telecom gear ...

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Nokia sales and profit drop as economic challenges lead to cutback ... (The Associated Press)

Nokia has reported a double-digit decline in sales and a fall in profit in the last three months of 2023.

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Nokia stock climbs as cost cuts limit damage from 23% drop in sales (Morningstar.com)

By Steve Goldstein. Nokia shares rallied on Thursday as the telecom equipment maker reported better-than-expected margins despite sales missing estimates.

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Image courtesy of "Yahoo Finance"

Nokia Says Network Infrastructure Demand May Pick Up in 2024 (Yahoo Finance)

(Bloomberg) -- Nokia Oyj said it might see a pickup in the second half of the year as its internet network infrastructure business brings in sales and ...

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Nokia CEO calls AT&T, Ericsson deal a “disappointing development” (Capacity Media)

Pekka Lundmark, CEO and president of Nokia, has called AT&T's decision to partner with Ericsson a disappointing outcome, and referred to the Open RAN ...

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Nokia (NYSE:NOK) Gains on Bullish FY24 Outlook (TipRanks)

Finnish telecommunications major Nokia (NYSE:NOK) gained in pre-market trading after the company's upbeat outlook for FY24. The company expects FY24 ...

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Nokia Earnings Miss. But Outlook Pushes Stock Higher. (Barron's)

, the Finnish telecommunications equipment maker, reported lower-than-expected earnings on Thursday. But the outlook for the year bolstered the shares. Nokia ...

Nokia: Q4 Earnings Snapshot (Greenwich Time)

(NOK) on Thursday reported a loss of $46.3 million in its fourth quarter. The Espoo, Finland-based company said it had a loss of 1 cent per share. Earnings, ...

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Nokia spies 'green shoots' but warns of plunging mobile sales (Light Reading)

Orders are up at the network infrastructure unit, thanks largely to non-telco customers, but Nokia says mobile sales could drop as much as 15% this year.

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Ericsson, Nokia and the state of global RAN in 2024 (Silverlinings)

This morning Finnish radio access network (RAN) vendor Nokia reported another dour quarter and year-end results but predicted that there would a be a ...

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Nokia Oyj (NYSE:NOK) Q4 2023 Earnings Call Transcript (Yahoo Movies)

Nokia Oyj (NYSE:NOK) Q4 2023 Earnings Call Transcript January 25, 2024 Nokia Oyj isn't one of the 30 most popular stocks among hedge funds at the end of the ...

Nokia Posts Q4 Loss, Warns On Q1; Plans EUR 600 Mln Buy Back ... (Nasdaq)

(RTTNews) - Finnish network company Nokia Corp. reported Thursday a loss in its fourth quarter, compared to prior year's profit, amid weak net sales.

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Nokia Stock Jumps More Than 10% After Announcing $650 Million ... (Investopedia)

Nokia ADRs gained more than 10% higher after the Finnish telecommunications company announced a $650 million share buyback program. · Fourth-quarter net sales of ...

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Nokia sees revenues decline, emphasizes a future beyond CSPs ... (RCR Wireless News)

CEO Pekka Lundmark calls results 'a resilient performance considering the challenging environment'. Nokia saw an expected decline in revenues during the ...

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Why Nokia Stock Jumped 12.6% Thursday Morning (Motley Fool)

The Finnish communications infrastructure vendor is getting back on its feet after a couple of challenging years.

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Why Nokia Stock Jumped 12.6% Thursday Morning (Yahoo Movies)

Shares of Nokia (NYSE: NOK) found a crystal-clear wavelength on Thursday, Jan. 25. The Finnish provider of wireless phone network systems and related ...

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Image courtesy of "Morningstar.com"

Nokia stock climbs as cost cuts limit damage from 23% drop in sales (Morningstar.com)

By Steve Goldstein. Nokia shares rallied on Thursday as the telecom equipment maker reported better-than-expected margins despite sales missing estimates.

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