Will Top-Line Decline Affect Nokia's (NOK) Q1 Earnings? [Yahoo! Finance]
Nokia Corporation Sponsored American Depositary Shares (NOK)
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am
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Source: Yahoo! Finance
The company is expected to witness a revenue contraction year over year, owing to demand softness in several business segments. Fierce competition, macroeconomic challenges and inventory corrections are headwinds. However, efforts to bolster the position in the 5G ecosystem with a strong emphasis on innovation and portfolio expansion are positive. Licensing deals with major smartphone manufacturers is a tailwind. Factors at Play In the first quarter, Nokia inked a patent cross-license agreement with Honor for an undisclosed amount. It has also signed a multi-year patent cross-license agreement with smartphone maker Vivo. Per the deal, Vivo is required to make royalty payments to Nokia on mutually agreed terms. The deal is likely to terminate all pending patent litigations between the two companies. These developments are likely to have had a favorable effect on the company's first-quarter performance. During the quarter, Balitower, the Indonesia-based telecommunication company,
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NOK
Earnings
- 4/18/24 - Beat
NOK
Analyst Actions
- 4/16/24 - JP Morgan
NOK
Sec Filings
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- NOK's page on the SEC website