Nokia Likely To Increase FY21 Financial Guidance

Nokia Oyj NOK plans to raise its FY21 financial guidance due to continued strength in its Q2 business.
It plans to elaborate on the Q2 and half-year financial performance and updated FY21 guidance on July 29, 2021.
The prior FY21 net sales guidance lay between €20.6 billion and €21.8 billion. The analysts’ consensus for net sales is $25.67 billion.
Nokia beat both the Q1 revenue and EPS consensus.
Meanwhile, Nokia said it continues to expect some headwinds in the second half of the year.
On Monday, Barclays analyst Andrew Gardiner raised the price target on Nokia to EUR 4.50 from EUR 4.25, implying a 3.3% downside, and reiterated an Equal Weight rating.
Price action: NOK shares traded higher by 7.26% at $5.75 in the premarket session on the last check Tuesday.

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