Nokia (NOK) Misses Q3 EPS by 1c; unchanged guidance

Nokia (NYSE: NOK) reported Q3 EPS of EUR0.06, EUR0.01 worse than the analyst estimate of EUR0.07. Revenue for the quarter came in at EUR4.33 billion versus the consensus estimate of EUR5.21 billion.

GUIDANCE

"Regarding full year 2024, our comparable operating profit outlook remains EUR 2.3 to 2.9 billion and we are currently tracking within the bottom-half of the range. The net sales recovery is happening slower than we expected previously, however, this is being partially offset by an improving gross margin and quick action on cost. We expect to be at the high end of our free cash flow target of 30% to 60% conversion from comparable operating profit." said Pekka Lundmark, CEO and President.

For earnings history and earnings-related data on Nokia (NOK) click here.

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• Qualcomm (QCOM) Is Said To Near Deal For Ai Chip Startup Modular - Bloomberg
• Lockheed Martin wins $83 million Army missile contract