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.
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 ...
Nokia has reported a double-digit decline in sales and a fall in profit in the last three months of 2023.
By Steve Goldstein. Nokia shares rallied on Thursday as the telecom equipment maker reported better-than-expected margins despite sales missing estimates.
(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 ...
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 ...
Finnish telecommunications major Nokia (NYSE:NOK) gained in pre-market trading after the company's upbeat outlook for FY24. The company expects FY24 ...
, the Finnish telecommunications equipment maker, reported lower-than-expected earnings on Thursday. But the outlook for the year bolstered the shares. Nokia ...
(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, ...
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.
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 ...
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 ...
(RTTNews) - Finnish network company Nokia Corp. reported Thursday a loss in its fourth quarter, compared to prior year's profit, amid weak net sales.
Nokia ADRs gained more than 10% higher after the Finnish telecommunications company announced a $650 million share buyback program. · Fourth-quarter net sales of ...
CEO Pekka Lundmark calls results 'a resilient performance considering the challenging environment'. Nokia saw an expected decline in revenues during the ...
The Finnish communications infrastructure vendor is getting back on its feet after a couple of challenging years.
Shares of Nokia (NYSE: NOK) found a crystal-clear wavelength on Thursday, Jan. 25. The Finnish provider of wireless phone network systems and related ...
By Steve Goldstein. Nokia shares rallied on Thursday as the telecom equipment maker reported better-than-expected margins despite sales missing estimates.