Nokia Corporation (ADR) (NOK) Releases Earnings Results, Reports EPS of $0.03 EPS

Nokia Corporation (ADR) (NOK) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.03 EPS for the quarter. Analysts had a consensus estimate of $0.03. The company posted revenue of $5583.00 million in the period, compared to analysts expectations of $5799.26 million. The company’s revenue was up 91.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Nokia Corporation (ADR). Nokia Corporation (ADR) was Upgraded by Goldman to ” Buy” on Jun 30, 2016. Nokia Corporation (ADR) was Upgraded by Credit Agricole to ” Outperform” on May 25, 2016. Company shares were Upgraded by Canaccord Genuity on May 16, 2016 to ” Buy”, Firm has raised the Price Target to $ 7 from a previous price target of $5.50 .

Nokia Corporation (ADR) closed down -0.05 points or -0.88% at $5.61 with 1,16,14,179 shares getting traded on Tusday. Post opening the session at $5.66, the shares hit an intraday low of $5.59 and an intraday high of $5.67 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Nokia Corporation is a Finland-based telecommunication and network infrastructure company. The Company operates through two business segments: Nokia Networks and Nokia Technologies. Nokia Networks offers network infrastructure software hardware and services and is divided into Mobile Broadband and Global Services. Nokia Technologies develops and licenses technologies and manages an Intellectual Property (IP) portfolio of approximately 10000 patent families consisted of approximately 30000 individual patents and patent applications. The Company holds a majority stake in Alcatel-Lucent among others and owns operations and research and development (R&D) facilities in Europe North America and Asia.

Nokia Corporation (ADR)

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