Nokia Oyj NOK shares are trading higher by 4.27% at $4.88 Monday morning, despite a lack of company-specific news from the session. Last week, the company reported better-than-expected first-quarter EPS and sales results.
Nokia reported quarterly earnings of 8 cents per share which beat the analyst consensus estimate of 1 cent per share. Nokia also quarterly sales of $6.12 billion which beat the analyst consensus estimate of $5.83 billion.
Nokia is a leading vendor in the telecommunications equipment industry. The company's network business derives revenue from selling wireless and fixed-line hardware, software, and services.
Nokia's technology segment licenses its patent portfolio to handset manufacturers and makes royalties from Nokia-branded cellphones. Nokia operates on a global scale, with most of its revenue from communication service providers.
See also: How to Buy Nokia (NOK) Stock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
