Nokia (NOK) exceeds previous Q4 2012 outlook for Devices & Services and Nokia Siemens Networks
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Nokia (NOK) Executes Well in Q4, Shares Surge
January 10, 2013 3:35 PM ESTAfter getting bombed Wednesday on fears Apple would smear it in the low-end smartphone market, Nokia (NYSE: NOK) investors awoke to some blockbuster news - it is finally executing.
Shares of the beleaguered mobile handset maker surged nearly 20 percent after pre-announcing better-than-expected fourth quarter results.
Nokia said its Devices & Services unit has exceeded expectations and achieved underlying profitability in the quarter. Non-IFRS operating margin for the quarter is now expected to be between break even and positive 2 percent, versus its... More
Nokia (NOK) Lumia Sales Raise Eyebrows, But Shares Surge +20%
January 10, 2013 8:21 AM ESTNokia (NYSE: NOK) is surging 20% early on better-than-expected Q4 guidance, although some are now voicing worry about Lumia sales.
The company sold 4.4 million Lumia smartphones and 2.2 million Symbian smartphones in the quarter. This was light of some views.
NOK last traded at $4.61, up 23%.... More
Microsoft (MSFT) On Watch After Solid Nokia (NOK) Numbers
January 10, 2013 8:16 AM ESTMicrosoft Corp (NASDAQ: MSFT) is on watch related to Nokia's (NYSE: NOK) better-than-expected Q4 numbers.
Nokia now estimates that Devices & Services has exceeded expectations and achieved underlying profitability in the fourth quarter 2012.
The company sold 4.4 million Nokia Lumia smartphones in the quarter.... More
Research In Motion (RIMM) Pops on Better Nokia (NOK) Outlook
January 10, 2013 8:12 AM ESTResearch In Motion Ltd (NASDAQ: RIMM) seeing some action on Nokia's (NYSE: NOK) better-than-expected. Shares up 2.3%.
While the two are rivals and competing for the number 3 spot in smartphones, the rationale must be that if Nokia can turn it around in devices then BB10 will blow it out.... More
Nokia (NOK) Issues Solid Prelim. Q4 Numbers; Sold 4.4M Lumia Handsets
January 10, 2013 8:10 AM ESTNokia (NYSE: NOK) provided preliminary information on certain aspects of its fourth quarter 2012 financial performance and also provided preliminary information on its outlook for the first quarter 2013.
Nokia now estimates that Devices & Services has exceeded expectations and achieved underlying profitability in the fourth quarter 2012.
- Mobile Phones business unit and Lumia portfolio delivered better than expected results; and
- Operating expenses were lower than expected.
- Devices & Services non-IFRS operating margin for the fourth quarter 2012 now expected to be between break even and positive 2 percent.
Seasonality and... More
