|Bid||6.350 x 78600|
|Ask||6.360 x 106000|
|Day's Range||6.275 - 6.480|
|52 Week Range||4.040 - 6.650|
|PE Ratio (TTM)||-49.61|
|Dividend & Yield||0.18 (2.95%)|
|1y Target Est||N/A|
Shares of Nokia (NOK) are up 24 cents, or 4%, at $6.41, after the company this morning reported Q2 revenue that missed analysts’ expectations, but beat on the bottom line, and said the market for its “networks” business is looking a little worse than previously thought this year. The story that’s boosting the stock is all about gross profit margin. Kulbinder Garcha of Credit Suisse, who’s Neutral on the stock, notes that the company beat on margins, with its gross profit margin of 41.7% above his own forecast for 40.5%.
Despite Nokia's (NOK) Q2 earnings beat, the outlook on its flagship Networks unit for full-year 2017 raises concerns.
Network equipment maker Nokia reported a jump in profit on Thursday thanks to a patent deal with Apple and gains in market share though it warned the network business could slow by more than expected this year. Nokia's shares rose 5.5 percent by 0820 GMT after it posted second-quarter operating profit of 574 million euros ($674 million), up 73 percent from a year ago and well above analysts' average forecast of 447 million euros in a Reuters poll. "We are actually taking some share in the market ... early signs look quite promising in terms of market share development," Nokia Chief Executive Rajeev Suri told a conference call.