Barclays Cuts Nokia (NOK) to Underweight; Underlying Smartphone Weakness is Concerning
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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
