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home / news releases / 7 considerations after nokia s first quarter 2024 ea

RCI.B:CC - 7 Considerations After Nokia's First-Quarter 2024 Earnings

Rogers Communications Inc. Class B Non-Voting Shares

2024-04-18 10:30:01 ET

Summary

  • Nokia Oyj's Q1 2024 results showed a 26% decrease in net sales and a decrease in operating margins from Network Infrastructure.
  • Nokia Technologies saw a doubling of net sales, benefiting from licensing deals and aiming to raise annual net sales to EUR 1.4-1.5 billion.
  • Mobile Networks experienced a nearly 40% decrease in net sales, with speculation that telecom firms will prioritize debt repayment over equipment spending.
  • A neutral rating for Nokia with a bias for the upside in 2024 is discussed.

Ahead of its first-quarter results, Nokia Oyj ( NOK ) fell by 2.63% year-to-date. Nokia shareholders had low expectations of its management posting results that would beat consensus estimates. In terms of my article performance, Nokia's returns have been negative on the last two occasions. Since the Q4/2023 earnings preview, the stock fell by around 1.6% . Following its Q3/2023 report, the stock lost 6.5% since Oct. 16, 2023....

For further details see:

7 Considerations After Nokia's First-Quarter 2024 Earnings
Stock Information
Company Name: Rogers Communications Inc. Class B Non-Voting Shares
Stock Symbol: RCI.B:CC
Market: TSXC
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