Nokia Corporation (NYSE:NOK) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, NOK is expected to report 3Q20 income of $ 0.07 per share from revenue of $ 6279.58 million.
For the full year, analysts anticipate top line of $ 25429.10 million, while looking forward to income of $ 0.27 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.22 ~ $ 0.33 per share
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Previous Quarter Performance
Nokia Corporation revealed income for the second quarter of $ 0.07 per share, from the revenue of $ 5,608.00 million. The quarterly earnings gained 16.67 percent while revenues fell 12.30 percent compared with the same quarter last year.
According to street consensus, NOK was expected to report 2Q20 income of $ 0.03 per share from revenue of $ 5697.59 million. The bottom line results beat street analysts by $ 0.04 or 133.33 percent, at the same time, top line results fell short of analysts by $ 89.59 million or 1.57 percent.
Stock Performance
Shares of Nokia Corporation traded low $ -0.19 or -4.48 percent on Wednesday, reaching $ 4.05 with volume of 46.72 million shares. Nokia Corporation has traded high as $ 4.09 and has cracked $ 4.00 on the downward trend
According to the previous trading day, closing price of $ 4.05, representing a 81.20 % increase from the 52 week low of $ 2.34 and a 17.51 % decrease over the 52 week high of $ 5.14.
The company has a market capital of $ 22.82 billion and is part of the Technology sector and Communication Equipment industry.
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).