Nokia posts surprise second-quarter profit jump as new CEO takes the helm [MSNBC.com]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
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Source: MSNBC.com
Nokia's new President and CEO Pekka Lundmark (C) shakes hands with resigning President and CEO Rajeev Suri after a press conference at the Nokia headquarters in Espoo, Finland on March 2, 2020.Markku Ulander | Lehtikuva | AFP via Getty ImagesNokia saw its profits rise 22% to 316 million euros ($376 million) in the second quarter despite quarterly revenues falling 11% to 5 billion euros.The mobile network equipment maker, which posted financial results for the April to June period on Friday, said the coronavirus crisis has reduced net sales by about 500 million euros for the first half of the year. However, it expects most lost sales to move to future periods.The Finnish firm, which is headquartered in Espoo, said it was able to boost profitability for the second quarter, and upgrade its earnings outlook for 2020, by scaling back on its service business and signing fewer 5G deals in the highly competitive Chinese market.Rajeev Suri, president and chief executive of Nokia, said most of
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ERIC
Earnings
- 4/16/24 - Beat
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Analyst Actions
- 1/31/24 - UBS Group AG
ERIC
Sec Filings
- 4/17/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/20/24 - Form 6-K
- ERIC's page on the SEC website