The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nokia met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share grew.
Gross margins grew, operating margins dropped, net margins increased.
Nokia chalked up revenue of $10.60 billion. The 34 analysts polled by S&P Capital IQ expected a top line of $10.66 billion on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $13.00 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.08. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS were $0.07 for Q4 against -$0.38 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.1%, 270 basis points better than the prior-year quarter. Operating margin was 6.2%, 180 basis points worse than the prior-year quarter. Net margin was 2.5%, 1,320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $9.06 billion. On the bottom line, the average EPS estimate is -$0.05.
Next year's average estimate for revenue is $40.09 billion. The average EPS estimate is $0.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,994 members out of 3,346 rating the stock outperform, and 352 members rating it underperform. Among 665 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 589 give Nokia a green thumbs-up, and 76 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nokia is hold, with an average price target of $2.77.
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