In the latest trading session, Nokia (NOK) closed at $4.28, marking a +1.9% move from the previous day. This move outpaced the S&P 500’s daily gain of 0.83%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 1.43%.
Investors will be hoping for strength from NOK as it approaches its next earnings release. On that day, NOK is projected to report earnings of $0.03 per share, which would represent a year-over-year decline of 50%. Our most recent consensus estimate is calling for quarterly revenue of $5.63 billion, down 12.03% from the year-ago period.
NOK’s full-year Zacks Consensus Estimates are calling for earnings of $0.24 per share and revenue of $25.05 billion. These results would represent year-over-year changes of -4% and