Nokia (NOK) CEO Elop Hints at New Lumia Handset for Verizon (VZ), Revamo of Devices
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April 18, 2013 3:38 PM EDT
MKM Partners lowered estimates and its price target on Nokia (NYSE: NOK) Thursday from $3.00 to $2.50 as they say the first quarter earnings reveal extreme feature phone weakness and too much management optimism on the future of Lumia.
"Nokia's volumes finally succumbed to low-end Android and white box competition in 1Q13,"... More
April 18, 2013 10:26 AM EDT
Nomura Securities analyst Stuart Jeffrey offered a first look at Nokia's (NYSE: NOK) first quarter 2013 results, which has the stock down 11 percent this morning.
Jeffrey highlights:
Revenues missed by 10%;
Lumia sales were in-line but feature phones missed volumes by 10% and ASPs by 11%;
Devices and Services adj. operating margin of 0.1% was impressive given the revenue miss driven by gross margin (25.1% vs... More
April 18, 2013 8:06 AM EDT
Shares of Nokia (NYSE: NOK) are lower following its interim Q1 report. Many view Nokia phone sales as disappointing. However, in the view of analysts at Bernstein Nokia's forecast for an increase in Q3 Lumia shipments implies the devices are either gaining traction or... More
April 18, 2013 6:13 AM EDT
Nokia Corp. (NYSE: NOK) reported Q1 non-IFRS loss of 0.02 per share, from a loss of 0.08 reported in the same period last year. Revs were 5.85 billion, from 7.35 billion the prior year. Estimates were looking for sales of 6.52 billion.
Total mobile device volume was 61.9 million units, down... More
