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Nokia Corporation beats by €0.03

  • Nokia (NOK): Q4 EPS of €0.08 beats by €0.03.
  • Revenue of €3.48B misses by €0.93B.
  • Press Release
Comments (49)
  • Seppo Sahrakorpi
    , contributor
    Comments (1839) | Send Message
     
    The full report is here:
    http://bit.ly/VhEJPZ
    23 Jan, 06:34 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1839) | Send Message
     
    My thoughts here:
    http://seekingalpha.co...
    23 Jan, 07:00 AM Reply Like
  • Dantes_Will
    , contributor
    Comments (298) | Send Message
     
    Looks like a lot of confusion regarding how to read the balance sheet ex D&S, & the lack of closure on the MSFT deal. People waiting for dividends just assumed everything would be finalized by now.

     

    Euro price action recovering as people piece together the 2 separated balances and realize overall profitability are greatly improved over '12.

     

    The '13 report did what it should for most institutions: definitive confirmation that Nokia is again profitable & growing, on top of a healthy balance sheet.
    23 Jan, 07:26 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Dan

     

    And like I posted yesterday, if the announcement is good, SP will tank. I don't know why that is, but it plagues Nokia. Almost every single time they announce anything positive, there is a sell off the day after.
    23 Jan, 05:12 PM Reply Like
  • joshvegas
    , contributor
    Comments (254) | Send Message
     
    I guess it's not bad without D&S..
    Call will make it right.
    23 Jan, 06:36 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    A cursory reading on it tells me that profit is up, that is , operating margin, although overall revenue is down, but that's a positive. Put simply, they are making more profit on less revenue.

     

    Yet, tank-a-laka-ding-dong.
    23 Jan, 05:14 PM Reply Like
  • Joeriii
    , contributor
    Comments (194) | Send Message
     
    Still down 3%
    23 Jan, 06:38 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Closed at 7.03.

     

    That's down over 12% from last weeks high. Down over 8% today.

     

    On the up side, I'm seeing some huge blocks go through after hours, one for 1M and several for 200K+.

     

    Huge volume today, almost 90M on an average of 23M. Huge buying in the last hour. Accumulation Distribution way up the last hour. MA strong upward crossover last half hour. Ichimoku indicator is all positive last hour. Trade volume index steep incline, again, last half hour. Same for Price and Volume trend.

     

    Williams AD flat, still.
    Williams %R Vertical climb touching 20% line last half hour.
    Weakness in a strong trend, all positive last hour.
    15/50 MACD cross over up.
    MA 13/48 Strong cross up at 1500 EST.
    Price cross up on MA 200 last hour, strong.
    Bollinger Bands price cross over up strong last 15 minutes.

     

    In summary, every technical indicator I use, plus buy volume, says buy for tomorrow. One says weak uptrend, but an uptrend nevertheless.

     

    However, this is Nokia, and Nokia SP defies any sort of reasoning. It actually dipped into $6 territory today.
    23 Jan, 05:34 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (682) | Send Message
     
    Phones lost 200 million euros or so, which account for the problem
    23 Jan, 06:46 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Looks like it was a good thing Nokia did sell.
    23 Jan, 05:35 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (682) | Send Message
     
    Yes indeed, if we had not sold D&S I would have sold NOK for certain on this news.

     

    This management is horrible by the way..zero information at earnings for any kind of positive influence, ZERO.

     

    Couldn't the idiot TIMO have said "Using last year's numbers as a baseline, we expect 2 billion in profit annually from the Nokia as a baseline, and expect to grow in the future"

     

    No, he murmured and bored the entire CC to death and revealed NOTHING.
    23 Jan, 05:42 PM Reply Like
  • mitrado
    , contributor
    Comments (1916) | Send Message
     
    So... why's the stock falling? The results seem good enough. Better than expected, even. Any news about a dividend?
    23 Jan, 06:54 AM Reply Like
  • Gedankonomist
    , contributor
    Comments (605) | Send Message
     
    "The Nokia Board of Directors will decide on its proposal to the Annual General Meeting on distributions to shareholders only after the anticipated closing of the transaction whereby Nokia will sell substantially all of its Devices & Services business and license its patents to Microsoft and the completion of the strategy evaluation. The distributable funds on the balance sheet of the parent company at December 31, 2013 amounted to EUR 4 676 million. "

     

    http://bit.ly/1hPiXOb p.33
    23 Jan, 03:48 PM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Mit

     

    Because, this is Nokia. It's a new way to trade. When good news comes out, sell. When bad news come out, buy. I assume that next QQ when dividends are announced and a profit margin of 100%, the SP should tank to $1.50.

     

    This is just a dangerous and volatile stock currently. The only upside is that Nokia is making money and is worth money, so even though the SP keeps tanking on any good news, the facts remain positive.
    23 Jan, 05:37 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (682) | Send Message
     
    Its the phones and drop in net sales at NSN, even though this was due to purposefully exiting many unprofitable contracts...
    Looks like they've set up well for NSN beats the rest of the year...
    23 Jan, 06:57 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Dia

     

    Yet, if you continue to read, they are MORE profitable with less revenue. That generally signals good management and a good investment. Yet. . . .
    23 Jan, 05:41 PM Reply Like
  • JoseV
    , contributor
    Comments (397) | Send Message
     
    Traders/speculators, who dont understand the Business, blindly follow the technicals as usual. We should see a rebound once the traders wake up to reality.
    23 Jan, 06:59 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7396) | Send Message
     
    As expected. Not very good NSN results and devices tanking - not surprisingly thanks to Microsoft's 3rd September purchase of D&S that turned off consumers and sales channels and damaged the Nokia brand with microsoftness.

     

    No wonder the stock is down 4% in Europe.
    23 Jan, 07:03 AM Reply Like
  • mr wonder
    , contributor
    Comments (534) | Send Message
     
    If this was "as expected", the stock will bounce back to where it was before earnings.
    Wait, the stock is recovering already.
    Now just down -2.3% in Europe.
    23 Jan, 07:52 AM Reply Like
  • Joeriii
    , contributor
    Comments (194) | Send Message
     
    going down again.
    23 Jan, 08:43 AM Reply Like
  • mitrado
    , contributor
    Comments (1916) | Send Message
     
    -10% already...
    23 Jan, 10:05 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    AH

     

    I do see the new MS stores in the Best Buy here in the US though.
    23 Jan, 05:42 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7396) | Send Message
     
    I don't shop for multiple sclerosis.
    23 Jan, 05:47 PM Reply Like
  • Kamminga
    , contributor
    Comments (186) | Send Message
     
    The combined continuing operations show a clear up-trend, but it's disappointing that D&S wasn't able to show a profit, thus burning cash. I guess some were also hoping for word on dividend/cash distribution. Why I don't know, it was never going to happen until completion of the MSFT deal. We'll see what happens when the speculative froth clears.
    23 Jan, 07:09 AM Reply Like
  • JoseV
    , contributor
    Comments (397) | Send Message
     
    Dont understand all the fuss on on Devices, that business is gone. NSN results were expected to come in as they did due to unloading bad business. The results are good for the quarter but the main concern is that NOK Top Mgt and particularly the BOD has to get off the pot and come up with a Businees Plan for going forward including naming of a permanent CEO. i believe they should consider a strategic merger and still think that one with Alcatel-Lucent would be a win-win for both companies especially with M. Combes as CEO.
    23 Jan, 07:21 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7396) | Send Message
     
    I hope Michel Combes and Jean Raby will stay well away from Nokia's toxic business.
    23 Jan, 07:22 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7396) | Send Message
     
    NSN = toxic. HERE = toxic.

     

    The Nokia turnaround storytelling is over now.
    23 Jan, 09:04 AM Reply Like
  • JoseV
    , contributor
    Comments (397) | Send Message
     
    AH, no pun, what toxic business are you referring to?
    23 Jan, 07:30 AM Reply Like
  • Ainchi
    , contributor
    Comment (1) | Send Message
     
    So why the price stock price is go down?
    23 Jan, 07:44 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Ain

     

    So you can accumulate more shares at a better price.
    23 Jan, 05:43 PM Reply Like
  • vk007
    , contributor
    Comments (40) | Send Message
     
    Alcatel + Nokia = Never! Alcatel is a French disaster.
    23 Jan, 07:47 AM Reply Like
  • wrscomncents
    , contributor
    Comments (643) | Send Message
     
    The problem with Alcatel is the French government won't get out of the way and let the company run itself. Unfortunately we're seeing more and more of that here in the US.
    23 Jan, 10:14 AM Reply Like
  • mitrado
    , contributor
    Comments (1916) | Send Message
     
    Yes, it's incredible how the governments and corporations screw the common citizen by freezing their paychecks for decades... and when earnings fall because people can't afford to buy, the state doesn't even allow corporations to fire everybody. I think it's well deserved. Greed is finally paying off for many corporations. Others will follow.
    23 Jan, 10:34 AM Reply Like
  • wrscomncents
    , contributor
    Comments (643) | Send Message
     
    I have to wonder how many jobs will be lost if Alcatel goes under. I'm not saying they will just wondering. The French government (along with most others) cannot run itself what makes it think it can run a company?
    23 Jan, 11:38 AM Reply Like
  • mitrado
    , contributor
    Comments (1916) | Send Message
     
    Jobs are a thing of the past. This year Europe is going for Guinness Records of the Unemployment rates. Only in Spain, there are as many unemployed people as there are inhabitants in Portugal!
    23 Jan, 12:11 PM Reply Like
  • Golf Juliet Delta
    , contributor
    Comment (1) | Send Message
     
    A dividend and CEO announcement was missing. Ill be joining the sellers today.
    23 Jan, 08:51 AM Reply Like
  • mr wonder
    , contributor
    Comments (534) | Send Message
     
    The MS sale is not closed yet.
    It would be rather foolish to make formal announcements regarding a still not 100% certain future.
    23 Jan, 09:05 AM Reply Like
  • joshvegas
    , contributor
    Comments (254) | Send Message
     
    Do you really think that there is some possibility to call the deal off or reduce the amount?
    23 Jan, 09:07 AM Reply Like
  • Timothy Bryan
    , contributor
    Comments (682) | Send Message
     
    Yes it is really that simple, people are getting sick of waiting for NOK to say something that MEANS anything.

     

    The stock is a bargain at 7.30, but people are sick of waiting. NOK is a frustrating company to follow.
    23 Jan, 09:01 AM Reply Like
  • Leont68
    , contributor
    Comments (1351) | Send Message
     
    Nokia at $3.50 was a bargain, now new Nokia still has to prove itself for the next couple of quarters. (to me) Without lumia phones NSN will have to start making money soon.
    23 Jan, 09:12 AM Reply Like
  • Timothy Bryan
    , contributor
    Comments (682) | Send Message
     
    NSN has been making a great deal of money for 9 quarters, so that remark is weird. They need to get D&S off the books, the market is too stupid to count 2 billion in profit without devices until devices are gone...
    23 Jan, 09:20 AM Reply Like
  • Leont68
    , contributor
    Comments (1351) | Send Message
     
    Diablo, that is just my personal feelings about NSN , before I would start investing in Nokia again at the current sp. btw I am not long or short Nokia at the present times.
    23 Jan, 09:27 AM Reply Like
  • Ruffdog
    , contributor
    Comments (1151) | Send Message
     
    Backed up the truck at $7.11.
    23 Jan, 09:44 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Ruff,

     

    lol. Probably about the best you can hope for give or take .10
    23 Jan, 05:44 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (682) | Send Message
     
    A 10 percent drop on a .03 beat...WOW
    23 Jan, 09:47 AM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    Yeah go figure. It's just simply amazing.
    23 Jan, 05:45 PM Reply Like
  • La Rue
    , contributor
    Comments (636) | Send Message
     
    Just shows whose in control :(
    23 Jan, 10:21 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7396) | Send Message
     
    U Nokians just got AMD'ed : )

     

    No worries, I've been there, too. Better buy overvalued bubble stocks of companies that produce nothing but clicks, bits and hot air (server farms).
    23 Jan, 12:07 PM Reply Like
  • dwdallam
    , contributor
    Comments (6186) | Send Message
     
    AH

     

    Yeah AMD has been doing that same thing. How can we trade when nothing makes sense? Ridiculous.

     

    Was there a "call" or a discussion or anything, or just a raw numbers announcement?
    23 Jan, 05:46 PM Reply Like
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