Nokia Q2 Adj. EPS $0.06 Beats $0.05 Estimate, Sales $4.81B Miss $5.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nokia (NYSE:NOK) reported Q2 adjusted EPS of $0.06, beating the $0.05 estimate, but sales of $4.81B missed the $5.26B estimate. EPS decreased by 15% YoY, and sales decreased by 22.70% YoY.
July 18, 2024 | 5:09 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Nokia's Q2 adjusted EPS of $0.06 beat estimates, but sales of $4.81B missed expectations. EPS decreased by 15% YoY, and sales decreased by 22.70% YoY.
While Nokia's EPS beat estimates, the significant miss on sales and the YoY decreases in both EPS and sales suggest mixed results. This could lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales figures.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100