BNP Paribas Downgrades Nokia (NOK) to Neutral

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Nokia (NOK) Reports In-Line Q3 EPS

October 27, 2016 6:28 AM EDT

Nokia (NYSE: NOK) reported Q3 EPS of EUR0.04, in-line with the analyst estimate of EUR0.04. Revenue for the quarter came in at EUR6 billion versus the consensus estimate of EUR6.5 billion.

Nokia delivered solid third quarter results. Nokia Technologies led the way, with a sharp year-on-year increase in net sales, largely driven by revenues related to the Samsung licensing agreement that was announced in Q3. The results also reflect another excellent quarter from Fixed Networks, which improved both net sales and profitability from one year ago.

When we announced... More