Nokia shares rise on report of possible mergers, assets sales [Yahoo! Finance News]
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 News
By Tarmo Virki ) - Shares in Nokia Oyj rose in a falling market on Thursday, after reported that the Finnish telecom network equipment maker was considering asset sales and mergers. JPMorgan analysts wrote in the wake of the report: "If exploring strategic options, only viable ones are a sale to an unrelated company or asset sales." Shares in Nokia were 1.1% higher mid-day in Helsinki, while European technology shares index was 2.1% lower. A Mirabaud Securities trader said the report supported the stock, probably by triggering short covering. The report said Nokia was considering strategic options and was working with advisers to consider potential asset sales and mergers, citing people familiar with the matter. It did not give details. A source close to the company said there was no truth to the report. Nokia declined to comment. Nokia's nologies unit, which manages the company's wide patent portfolio, reported 2019 operating profit rising 3% from a year ago to 1.24 billion eur
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News
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- Nokia Corporation Interim Report for Q1 2024 [Yahoo! Finance]Yahoo! Finance
- Nokia Corporation Interim Report for Q1 2024GlobeNewswire
- Notable earnings before Thursday's open [Seeking Alpha]Seeking Alpha
NOK
Earnings
- 4/18/24 - Beat
NOK
Sec Filings
- 4/18/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/11/24 - Form 6-K
- NOK's page on the SEC website