Wells Fargo's Q2 Preview on Nokia (NOK): Should Easily Beat...By A Few Pennies

Wells Fargo maintains a 'Market Perform' on Nokia (NYSE: NOK).

Analyst, Jennifer M. Fritzsche, said, "Our Q2 revenue and EPS estimates are $9.49B and ($0.09) vs consensus of $9.21B and ($0.11). In D&S, we model revenue of 3.8B euro and an operating margin of 5%. We are modeling Smart Device shipments of 11MM, down 34% y/y, and Mobile Device shipments of 61MM, down 15% y/y. We also are modeling a Q2 cash burn of 1.5B euro, which includes a 740MM euro dividend payment."

For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.

Shares of Nokia closed at $1.80 yesterday.

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