Needham & Company Downgrades Nokia (NOK) to Hold
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Wells Fargo Comments on Nokia (NOK) Q2 Results
July 18, 2013 8:14 AM EDTWells Fargo today maintained a Market Perform rating on Nokia (NYSE: NOK) with a price target of $3.50-$4.00. Comments follow Nokia Q2 results, which showed revenues of EUR5.7B, which was below consensus of EUR6.6B.
Analyst Maynard Um said, "Breakeven non-IFRS EPS was... More
Nokia (NOK) Q2 Results 'Disappointing', Will be Buoyed by NSN - Evli
July 18, 2013 7:14 AM EDTNokia's (NYSE: NOK) second-quarter results did not live up to expectations, according to Finnish bank Evli.
Evli thinks Nokia shipped about 500,000 Lumia handsets in the U.S. during the most recent quarter, with overall shipments missing consensus views.
Nokia's... More
Nokia Corp. (NOK) Posts Break-Even Q2 Loss; 7.4M Lumia Handsets Shipped
July 18, 2013 7:08 AM EDTNokia Corp. (NYSE: NOK) reported Q2 non-IFRS loss of 0.00 per share, versus the analyst estimate calling for a loss of 0.02 per share and a loss of 0.08 per share reported in the same period last year. Revenue for the quarter came in at EUR5.67 billion, from 7.54 billion reported in the same period last year.
Mobile device volume was 61.1 million units with smartphone volume of 11.7 million units. About 7.4 million Lumia devices were shipped and 4.3 million Asha models were shipped. Devices & Services sales fell 32 percent to 2.72 billion with average sales price down 6 percent to... More
