Nokia (NOK) Q3 non-IFRS EPS Drops 79% to EUR0.03, Revs Lighten; Mobile Units Down 3.4%
Tweet
Share
E-mailGet Alerts NOK Hot Sheet
Join SI Premium – FREE
Nokia Corporation (NYSE: NOK) reports Q3 non-IFRS EPS of €0.03, versus €0.14 reported for the same period a year ago. Revenue for the quarter was €8.98 billion, compared to €10.27 billion in Q310.
Mobile device volume dropped from 110.4 million units last year to 106.6 million units. ASP moved from €65 to €51.
Nokia expects its non-IFRS Devices & Services operating margin in the fourth quarter 2011 to be between 1% and 5%. Nokia continues to target to reduce Devices & Services non-IFRS operating expenses by more than €1 billion for the full year 2013, compared to the full year 2010 Devices & Services non-IFRS operating expenses of €5.65 billion.
Mobile device volume dropped from 110.4 million units last year to 106.6 million units. ASP moved from €65 to €51.
Nokia expects its non-IFRS Devices & Services operating margin in the fourth quarter 2011 to be between 1% and 5%. Nokia continues to target to reduce Devices & Services non-IFRS operating expenses by more than €1 billion for the full year 2013, compared to the full year 2010 Devices & Services non-IFRS operating expenses of €5.65 billion.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nokia to cut most of China workforce by year end, report says
- Analog Devices (ADI) Tops Q3 EPS by 11c, Beats on Revenue; Offers Q4 Guidance
- Nordson Corp. (NDSN) Tops Q3 EPS by 16c; Offers Guidance
Create E-mail Alert Related Categories
Earnings, Hot EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
