Nokia earnings report
REVENUE: 6.568 billion euros, a year-on-year decrease of 5%
FULL YEAR REVENUE: 21,867 billion euros,
GROSS PROFIT MARGIN:39%, an increase of 250 basis points
FULL YEAR REVENUE: 21,867 billion euros,
GROSS PROFIT MARGIN:39%, an increase of 250 basis points
It seems that the results had exceeded expectation, while the stock price still goes down. The new CEO Lundmark explained that the reduction in profit may stem from network development and service. Besides, a slight increase can be seen in gross profit margin of mobile connected devices.
Personally, I am not optimistic about Nokia's future, although its 5G plan is initially effective. If it cannot provide services that surpass its competitors and are difficult to replace, it will fall behind again.
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ImJustHere : solid results. Beat expectations.
Knulp : Nokia fundamentals is solid.
FirstStrike Veteran : I would buy qualcomm on the dip today or go with Skyworks for 5g play before I bought nok.
Sandman90 : Im my only opinion the trading pattern is messed up, just because more and more uneducated traders steps in on the so called “hot” stocks. My advice is to focus on the stocks that are out of the spotlight. That way as investors - trader you will face less uncertainties and price executions that makes no sense or doesn’t fit the pattern.
treydongui : hey thanks for the tag man it's always appreciated