TECH - Nokia's Sales Slide Despite Big Deals with Apple and Samsung: What's Next for This Tech Giant? | Benzinga
Nokia Corp (NYSE:NOK) reported a fiscal fourth-quarter 2023 net sales decline of 23% year-on-year (21% in constant currency) to €5.71 billion ($6.14 billion), missing the consensus of $7.05 billion. EPS loss was €(0.01) or $(0.01), and comparable EPS was €0.10 or $0.11, missing the consensus of $0.15.
The reported net loss in the fiscal fourth quarter of 2023 was €(33) million, down from €3.15 billion profit in the fiscal third quarter of 2022. Comparable net profit in the fiscal fourth quarter of 2023 was €568 million, down from €929 million in the fiscal fourth quarter of 2022.
Network Infrastructure sales declined by 24% Y/Y in CC. Cloud and Network Services sales decreased by 5% Y/Y in CC, while Nokia ...