Page 39 - Network Infrastructure News Today

Nokia Oyj (NYSE:NOK – Get Free Report) announced its quarterly earnings results on Thursday. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03), MarketWatch Earnings reports. Nokia Oyj had a net margin of 15.62% and a return on equity of 9.08%. The company had […]

Telecom Giants Nokia and Ericsson Report Drop in Sales, but with Different Outlooks - OPP.Today

Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The

Nokia Oyj (NYSE:NOK – Get Free Report) declared a quarterly dividend on Friday, January 26th, Wall Street Journal reports. Stockholders of record on Tuesday, January 30th will be given a dividend of 0.0326 per share by the technology company on Tuesday, February 13th. This represents a $0.13 dividend on an annualized basis and a dividend […]

Nokia Corp (NYSE: NOK) reported a fiscal Q4 2023 net sales decline of 23% YOY, missing consensus. EPS loss was €(0.01) and comparable EPS was €0.10. The company also announced a dividend and buyback program, and projects growth for Network Infrastructure sales in 2024.

(Bloomberg) -- Nokia Oyj said it might see a pickup in the second half of the year as its internet network infrastructure business brings in sales and cost-cutting measures pay off. Most Read from BloombergMusk Fails to Convince Tesla Investors to Overlook SlowdownBoeing Growth Plans Set Back as Regulator Blocks Higher OutputRussia Says Ukraine Downed Plane Carrying Prisoners for SwapHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainThe Finnish telecom said it expects adjusted...

“India saw a decline in the quarter, primarily in Mobile Networks reflecting the fact that the significant 5G deployments which started in the year-ago quarter have normalized. In addition there were declines in Network Infrastructure in both Optical Networks and Fixed Networks,” Nokia, which follows the January-December financial year, said in its earnings statement.

Ericsson 5G: Nokia has reported a 33% year-over-year fall (30% decline in constant currency) in net sales to 379 million euros in India in Q4 2023. Likewise, its Swedish rival Ericsson this week reported a 40% sequential fall in India sales in the December quarter amid a scaling back of network investments by the countrys top telcos after a period of fast-paced 5G network rollouts.

Nokia expects the challenging environment of 2023 to continue during the first half of 2024, particularly in the first quarter.

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