Nokia (NOK) Trades Strong Into Expected Q1 Report
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Nokia Corp (NYSE: NOK) shares are about 4 percent higher into the company's quarterly update, which is expected out early Thursday.
Currently, the Street is looking for a loss of 6 cents to 8 cents per share, with revenue of $8.61 billion.
The big question on everyone's mind will be how Nokia's Devices & Services segment did, given the surprisingly solid results last quarter (albeit with a warning issued ahead of time). Nokia said it sold 4.4 million Lumia handsets, the company's premier smartphone line, while earnings of €0.06 per share was in-line year-over-year amid a dip in revs.
Traders trimmed short positions through the end of March to 298.69 million shares, or 8 percent of total outstanding stock.
Currently, the Street is looking for a loss of 6 cents to 8 cents per share, with revenue of $8.61 billion.
The big question on everyone's mind will be how Nokia's Devices & Services segment did, given the surprisingly solid results last quarter (albeit with a warning issued ahead of time). Nokia said it sold 4.4 million Lumia handsets, the company's premier smartphone line, while earnings of €0.06 per share was in-line year-over-year amid a dip in revs.
Traders trimmed short positions through the end of March to 298.69 million shares, or 8 percent of total outstanding stock.
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