Nokia's Profit Goes Up, Guidance Goes Down
Nokia (NYSE: NOK) reported its second-quarter results before the market opened on July 27. Revenue declined slightly, driven by a 5% drop in networks revenue, but a strong quarter for the technologies segment offset much of that decline and led to a surge in the bottom line. Nokia was forced to lower its guidance slightly for the full year, citing worsening market conditions, but it still expects to hit its cost-cutting goal by the end of 2018. Here's what investors need to know about Nokia's second-quarter results.
Metric
Q2 2017
Source: Fool.com
Nokia Corp. A ADR Stock
€4.02
-0.990%
We see a rather positive sentiment for Nokia Corp. A ADR with 6 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 4 € is below the current price of 4.02 € for Nokia Corp. A ADR, so the potential is actually -0.5%.
