Nokia CorporationStock Exchange Release18 April 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 18.04.2024 Espoo, Finland – On 18 April 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL537,7073.18CEUX--BATE--AQEU--TQEX--Total537,7073.18 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating

Nokia (NOK) reports revenue contraction year over year in the first quarter of 2024, owing to soft demand trends and macroeconomic headwinds.

Nokia Corp (NYSE:NOK) reported a fiscal first-quarter 2024 net sales decline of 20% year-on-year (19% in constant currency) to €4.67 billion ($5.07 billion), missing the consensus of $5.10 billion. Comparable EPS was $0.10 (€0.09) versus the consensus of $0.06. The reported net profit is €438 million, up from €289 million a year ago. Comparable net profit was €501 million, up from €342 million a year earlier. Network Infrastructure sales declined by 26% year over year in CC due to the weak deman

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Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than-expected profit and a double-digit fall in sales in the first quarter due to a market weakened by a lack of clients investing in 5G technology. The Espoo, Finland-based company reported a net profit of 501 million euros ($535 million) for the January-March period, up 46% from 342 million euros a year earlier. Net income attributable to shareholders was 497 million euros, up from from 332 million euros a year e...

Nokia posted first-quarter earnings that beat expectations and said the period marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024.

Finnish telecom gear maker Nokia reported a smaller-than-expected rise in quarterly profit on Thursday as sluggish demand for 5G gear in key markets North America and India continued to weigh on sales. "This will still be a weak year, for the mobile RAN (radio access network) market and we expect, as I said, it to gradually pick up during the year," CEO Pekka Lundmark told reporters.

(Reuters) -Finnish telecom gear maker Nokia reported a smaller-than-expected rise in quarterly profit on Thursday as sluggish demand for 5G gear in key markets North America and India continued to weigh on sales. "This will still be a weak year, for the mobile RAN (radio access network) market and we expect, as I said, it to gradually pick up during the year," CEO Pekka Lundmark told reporters. A fall in demand for 5G equipment in North America, the largest market for Nokia and Swedish rival E...

Nokia CorporationInterim report18 April 2024 at 08:00 EEST Nokia Corporation Interim Report for Q1 2024 Strong cash flow and improving orders despite market weakness As expected, a slow start to 2024 with net sales declining 19% y-o-y in constant currency (-20% reported) in Q1.Environment still challenging but order trends continue to improve year-on-year, particularly in Network Infrastructure.Comparable gross margin in Q1 increased by 1 090bps y-o-y to 48.6% (reported increased 1 040bps to 47.

Many companies will release their latest earnings, including Taiwan Semiconductor Manufacturing Company (TSM), Netflix (NFLX), D.R. Horton (DHI.MX), and Nokia (NOK). Multiple leaders from the Federal Reserve will speak on Thursday, including Fed Governor Michelle Bowman, New York Fed President John Williams, and Atlanta Fed President Raphael Bostic. Housing data in the form of existing home sales for the month of March will be released early on Thursday morning. For more expert insight and the l...