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%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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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kiA"}],"langContent":"EN"},{"id":109843520,"gmtCreate":1619685563560,"gmtModify":1704727986730,"author":{"id":"3578371868219067","authorId":"3578371868219067","name":"HazonV","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578371868219067","authorIdStr":"3578371868219067"},"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109843520","repostId":1160342426,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109857448,"gmtCreate":1619685383784,"gmtModify":1704727982999,"author":{"id":"3575275014729377","authorId":"3575275014729377","name":"PYGoh","avatar":"https://static.tigerbbs.com/3708471dd4107e4cdad0807f0af3ac99","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575275014729377","authorIdStr":"3575275014729377"},"htmlText":"Yeah 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