2024-01-23 08:30:00 ET
Summary
- Nokia disappoints investors with Q3 earnings that missed expectations and a contract loss to Ericsson.
- Uncertainty surrounds Nokia's ability to reach its long-term margin target and its progress in inventory reduction.
- Nokia's 5G prospects are still uncertain, with the company needing more deal wins and stronger cash flow to reverse its downtrend.
- Potential upside surprises in this Thursday's Q4 report.
Investors had low expectations when Nokia ( NOK ) posted third-quarter earnings. Despite setting a low bar, the firm still managed to disappoint investors. After the Q3 preview , NOK stock fell to near $3.00 before rallying back in late November. The stock fell again on Dec. 5, 2023, to $3.00 after it lost its AT&T ( T ) contract to Ericsson ( ERIC )....
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3 Considerations Ahead Of Nokia's Fourth Quarter Earnings