Nokia Expects To Exceed 2021 Financial Guidance

Nokia is a big company engaged in solutions for mobile and communications globally with a 34 billion dollar market cap with the latest information. Today, the companies stock market illustrates a positive sign by reaching 1.15% to $6.21. Despite that, last Wednesday, the price has sharply dropped, losing over 4%. The company has also noted that the next earnings release will be published on February 3, 2022. In comparison, analysts are already predicting the company’s revenues. What do analysts predict? 

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According to this report, analysts expect Nokia to earn $0.13 per share. At the same time, net sales are estimated at $7.4 billion, which is 5.55% less than in the previous year. Separately, Finnish equipment manufacturer Nokia provided an updated forecast on financial indicators. For the whole of 2021, Nokia estimated a comparable operating margin of 12.4%-12.6%, which is higher than in the last year. Annual sales at the level of 22.2 billion euros, which roughly fits into the previously announced “fork” of 21.7-22.7 billion euros. The company said that the core business results in the fourth quarter of 2021 were at the level of expectations.

April Sanchez

Business and Tech Reporter

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