Nokia Corporation (NOK) Posts Earnings Results, Beats Expectations By $0.05 EPS

Nokia Corporation (NYSE:NOK) posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05, MarketWatch Earnings reports. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The firm had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the firm earned $0.04 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis.

Nokia Corporation (NYSE NOK) opened at $4.91 on Friday. The firm has a market capitalization of $28,656.08, a P/E ratio of 13.64, a PEG ratio of 1.11 and a beta of 1.24. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. Nokia Corporation has a 12-month low of $4.04 and a 12-month high of $6.65.

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A number of research firms have recently weighed in on NOK. BMO Capital Markets set a $6.00 price objective on Nokia Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Vetr raised Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.22 price objective on the stock in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price target on shares of Nokia Corporation in a report on Thursday, July 27th. Credit Suisse Group reissued a “neutral” rating on shares of Nokia Corporation in a report on Sunday, July 30th. Finally, UBS AG reissued a “buy” rating on shares of Nokia Corporation in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $5.75.

About Nokia Corporation

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Earnings History for Nokia Corporation (NYSE:NOK)

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