Nokia earnings preview: Favorite of Reddit forum set to report results

Dow Jones2021-02-04

MW Nokia earnings preview: Favorite of Reddit forum set to report results

By Steve Goldstein

Telecom-equipment maker Nokia is set to report fourth-quarter results on Thursday, and attention will extend far beyond its headquarters in Finland.

Nokia (NOKIA.HE) has been one of the favorite stocks of the U.S. retail crowd that convenes on the Reddit WallStreetBets forum. Its U.S.-listed shares soared so much that the company had to issue a statement saying there was no fundamental reason for the increase. Since mid January, the stock has retreated to more or less the same level as before the speculative interest.

According to FactSet, analysts are expecting earnings of EUR0.11 on sales of EUR6.4 billion for the fourth quarter. Nokia is expected to benefit from telecom operators ordering equipment for 5G networks.

Rival Ericsson (ERIC-B.SK) reported forecast-beating results on 5G network demand .

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

February 03, 2021 11:05 ET (16:05 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Comments

reeve
2021-02-04
reeve
??
SOON8412
2021-02-04
SOON8412
加油
Fantasticfan
2021-02-04
Fantasticfan
Skyrocket tonight
Prydeaux
2021-02-04
Prydeaux
Thumbs up
HLPA
2021-02-04
HLPA
Good
HLPA
2021-02-04
HLPA
Expect good results for sure

Leave a comment

6

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