More on Nokia (NOK) Q2: net loss narrows to €227M from €1.41B last year; adjusted profit €7M vs...


More on Nokia (NOK) Q2: net loss narrows to €227M from €1.41B last year; adjusted profit €7M vs loss of €313M; EPS of €0 beat consensus for a loss of €0.03 but revenues of €5.7B miss forecasts of €6.34B. Lumia Q2 volumes +32% on quarter to 7.4M units vs consensus of 8.1M. Total handset volumes -4% to 53.7M vs 56.2M. Cash reserves roughly in line at €4.1B. Shares -3.7%. (PR)

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Comments (9)
  • Leont68
    , contributor
    Comments (1418) | Send Message
     
    SA editor , you do not have to sleep lols?
    18 Jul 2013, 07:03 AM Reply Like
  • Origa
    , contributor
    Comments (619) | Send Message
     
    Still this is much better than Samsung and Blackberry.
    Compare these numbers and Nokia performance AFTER Apple has released their Q report.

     

    You have to take the global contraction of smartphone sale before you put judgement on Nokia performance.
    18 Jul 2013, 07:12 AM Reply Like
  • Kamminga
    , contributor
    Comments (186) | Send Message
     
    As was evident after Q1, Nokia has so drastically re-structured that they can make an operating profit on current turnover.
    18 Jul 2013, 07:29 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11169) | Send Message
     
    Hey...NOK will do better next time...you just wait!
    18 Jul 2013, 09:14 AM Reply Like
  • HarryPothead
    , contributor
    Comments (245) | Send Message
     
    They already are, DVL...they already are.

     

    Long NOK and makin' money!
    18 Jul 2013, 09:51 AM Reply Like
  • Leont68
    , contributor
    Comments (1418) | Send Message
     
    Like clock work lols... yes Nok will do better next time.... I am pretty sure it will post a profit in q3
    18 Jul 2013, 10:58 AM Reply Like
  • JENKINSC
    , contributor
    Comments (6) | Send Message
     
    Lean and mean!!!!!!!! Long Nokia.....
    18 Jul 2013, 10:02 AM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    Not that bad of a quarter. NOK wasn't far off at all at hitting the estimates. Their net losses were CONSIDERABLY lower. The revenues miss was the stinker. IMO the stock sell-off was a bit over done.

     

    Anyways, perhaps pieces like this one are doing more harm:

     

    http://onforb.es/17nGnEC

     

    -Cheers!
    18 Jul 2013, 10:41 AM Reply Like
  • growingwildgs
    , contributor
    Comments (107) | Send Message
     
    I will be buying shares today
    Long Nokia
    18 Jul 2013, 10:57 AM Reply Like
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