|Day's Range||51.60 - 52.55|
|52 Week Range||43.19 - 64.95|
|PE Ratio (TTM)||-15.18|
|Dividend & Yield||0.11 (1.75%)|
|1y Target Est||N/A|
Finnish network equipment maker Nokia reported larger than expected quarterly profits on Thursday thanks to a patent deal with Apple along with improving profitability at its network business but warned its key market would slow. Second-quarter group earnings before interest and taxes (EBIT) rose 73 percent from a year ago to 574 million euros ($674 million), clearly above analysts' average forecast of 447 million euros in a Reuters poll. Nokia's network business, which accounts for roughly 90 percent of its sales, is expected to decline in line with the market trends, he said.
Europe-based (EFA) telecom equipment company Ericsson (ERIC) fell 15.3% in the week ended July 21, 2017.
Restructuring and industry headwinds have hurt results, but we still think the stock's undervalued.