- Reuters•1 hour ago
Finnish telecoms equipment group Nokia (NOKIA.HE) reported a sharp drop in third-quarter earnings on Thursday, suffering from weaker sales in the wireless network market and warning that the market was likely to shrink further in the coming year. Its share price fell 7 percent on the news to its lowest level in three years, despite analysts saying that Nokia is now better placed than Ericsson (ERICb.ST) to ride out the downturn in the mobile network market following its acquisition in January of broader-based rival Alcatel-Lucent. Ericsson earlier this month reported a more than 90 percent plunge in third-quarter profits and replaced its chief executive.
- Barrons.com•2 hours ago
Shares of telecom equipment vendor Nokia (NOK) are down 37 cents, over 7%, at $4.79, after the company this morning reported Q3 revenue that topped analysts’ expectations, and profit in line with consensus, and said its chief financial resigned to “pursue other opportunities." Nokia’s report follows disappointing results in recent weeks from competitor Ericsson (ERIC), which yesterday appointed a new CEO. Separately, the company said CFO Timo Ihamuotila resigned to join ABB of Switzerland as its financial chief. CEO Rajeev Suri said of Ihamuotila “he has my admiration” for making the company stronger, and he lauded Pullola’s abilities.
Nokia Corporation (NOK)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||4.74 x 154300|
|Ask||4.75 x 69700|
|Day's Range||4.71 - 4.79|
|52wk Range||4.71 - 7.63|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||26.71|
|Avg Vol (3m)||11,486,703|
|Dividend & Yield||0.29 (5.83%)|