|Bid||6.33 x 17700|
|Ask||6.34 x 236500|
|Day's Range||6.28 - 6.34|
|52 Week Range||4.04 - 6.65|
|PE Ratio (TTM)||-49.53|
|Dividend & Yield||0.18 (2.95%)|
|1y Target Est||N/A|
A strong quarter for the technologies segment boosted the bottom line, but tough market conditions led the company to reduce its full-year guidance.
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.