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Nokia (NOK): Q1 EPS of -EUR0.07. Revenue of EUR5.9B misses by EUR1.45B. Shares -1.1% premarket. (PR)

Nokia (NOK): Q1 EPS of -EUR0.07. Revenue of EUR5.9B misses by EUR1.45B. Shares -1.1% premarket. (PR)
Comments (9)
  • PICOLOMINI
    , contributor
    Comments (545) | Send Message
     
    TIME WILL TELL!
    Never underestimate the resilience of a big brand name.
    18 Apr 2013, 06:15 AM Reply Like
  • tomybhoy
    , contributor
    Comments (126) | Send Message
     
    Lumia sales were in line with expectations considering the supply issues, an opportunity to accumulate more shares and wait for the end of the year where we will see a far better uptake of the lumia range.
    18 Apr 2013, 06:30 AM Reply Like
  • Origa
    , contributor
    Comments (543) | Send Message
     
    This will be a red day for Nokia.
    18 Apr 2013, 07:06 AM Reply Like
  • mr wonder
    , contributor
    Comments (541) | Send Message
     
    High margin Lumia sales increased. Net cash improved. NSN outperformed previous quidance. Better performance as compared to Q1-2012. Third quarter with underlying profit. Improved Q2 quidance for NSN and Lumia volumes.

     

    So why is the stock down?

     

    Because of decreasing total sales, which is caused by decreasing sales in low margin (or no margin at all) mobile phones....

     

    ??

     

    Soon the stock is back where is was at the end of yesterday.
    18 Apr 2013, 07:13 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Yup.

     

    Looks like they turned round the problem divisions only just in time.

     

    Mobile Phones now needs the same treatment, but that's been on the cards for a while. Sell fewer keyboard devices more full touch, maybe spruce the design up a little to match the Lumia devices, they're clearly produced by almost different companies at the moment.
    18 Apr 2013, 07:39 AM Reply Like
  • benedictus
    , contributor
    Comment (1) | Send Message
     
    I tend to agree with mr wonder. A shift in strategy needs to be assessed with different tools.
    18 Apr 2013, 07:28 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8157) | Send Message
     
    2014 is now the new "turnaround year".
    18 Apr 2013, 08:32 AM Reply Like
  • Origa
    , contributor
    Comments (543) | Send Message
     
    @DVL

     

    What do you think would turn Nokia around to a healthy Company?
    18 Apr 2013, 09:14 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8157) | Send Message
     
    New management that knows how to sell products.

     

    Think Nike, Geico or Samsung.
    18 Apr 2013, 09:39 AM Reply Like
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