Nokia to Weigh Strategic Options as Profit Pressure Mounts [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
) -- Nokia Oyj is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said. The company is working with advisers to consider potential asset sales and mergers, the people said, asking not to be identified because the information is private. Nokia shares have lost roughly a third of their value over the past year before news of its deliberations. The company’s American depositary receipts rose as much as 13% Wednesday. The ADRs were up 5.2% to $4.12 at 1:37 p.m. in New York trading, giving the company a market value of about $23 billion. The firm cut its outlook and suspended its dividend in October, saying it’s not expecting a major recovery in profit until 2021. That’s ratcheting up pressure on Chief Executive Officer Rajeev Suri to act. Deliberations are ongoing, and there’s no certainty they will lead to a transaction, the people said. A representative for Espoo, Finland-based Nokia decli
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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