Nokia rose nearly 16% in premarket trading

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Nokia rose nearly 16% in premarket trading

Tiger Newspress2021-04-29

Nokia rose nearly 16% in premarket trading, and its net sales in the first quarter exceeded market expectations.

Nokia EPS beats by $0.06, beats on revenue

Nokia(NYSE:NOK): Q1 Non-GAAP EPS of €0.07beats by €0.06; GAAP EPS of €0.05.

Revenue of €5.08B (+3.5% Y/Y)beats by €360M.

Adjusted gross margin 38.2%, estimate 37.1%

Adjusted operating margin 10.9%, estimate 2.18%

2021 Outlook: Net Sales: 20.6B - 21.8B

Adjusted operating margin: 7 - 10%

FCF: Nokia expects the FCF performance of Nokia Technologies to be ~€600M lower than its operating profit, primarily due to prepayments we received from certain licensees.

2023 Outlook: Net Sales: Grow faster than the market.

Adjusted operating margin: 10 - 13%

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KHYAP
·2021-04-29
Tell me your opinion about this news...
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- KHYAP:
  ????
  2021-04-29
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Tommy118
·2021-04-29
Why?
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Romell
·2021-04-29
Woohooo
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Henryee18
·2021-04-29
WTH is happening man?
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VincentYeo
·2021-04-29
KIAAAAAA!!!!
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- Tradingbats:
  Yes kiA
  2021-05-04
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HazonV
·2021-04-29
Wow
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PYGoh
·2021-04-29
Yeah NOK!!
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DrKool
·2021-04-29
Woah
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- VincentYeo:
  wowowo
  2021-04-29
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TwoDeMoon
·2021-04-29
Wow I didn’t know this stock or company still exists
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- Jingyan:
  Ikr
  2021-04-29
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