Nokia Q1 Adj. EPS €0.09 Up From €0.06 YoY, Sales €4.667B Down From €5.859B YoY
Portfolio Pulse from Benzinga Newsdesk
Nokia reported its Q1 adjusted earnings per share (EPS) increased to €0.09 from €0.06 year-over-year (YoY), while sales decreased to €4.667 billion from €5.859 billion YoY.
April 18, 2024 | 6:24 am
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Nokia's Q1 adjusted EPS increased to €0.09 from €0.06 YoY, but sales decreased to €4.667 billion from €5.859 billion YoY.
The increase in Nokia's adjusted EPS indicates improved profitability, which could be positive for the stock. However, the significant decrease in sales suggests underlying challenges in revenue generation, potentially offsetting the positive impact of the EPS increase. The mixed results present a neutral outlook for the stock in the short term, as investors weigh the implications of higher profitability against lower sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100