Nokia Oyj (ADR) (NYSE:NOK) – Nokia narrows its Q1 loss as sales stagnate
Nokia Oyj (ADR) (NYSE:NOK) traded 23,212,812 shares on last trading session with closing price of $5.37.
NOK was trading -10.35% below its 52-week high and 32.92% above its 52-week low. Its last 5-Year EPS growth stands at 17.70%; with earnings growth of -9.40% yoy. The stock stands 1.94% above the average-price of 50 days and 1.39% compared with the SMA 20.
According to Albuquerque Journal — Suffering from what the CEO described as “a typically seasonally weak quarter,” Finland-based networks provider Nokia has reported a first-quarter net loss of €473 million ($515 million)– a slight improvement from the 623 million-euro loss recorded a year ago.
Rajeev Suri said “some challenges remain” after a better quarter where the business showed some momentum.
Nokia’s network business, which makes up for more than 90 percent of the company’s sales, fell 6 percent year-on-year to 4.9 billion euros while the technologies division, which makes up for only some 5 percent of sales, saw sales rise 25 percent mainly as a result of higher patent and brand licensing income by the Finland-based company which has a huge portfolio of patents.
Nokia, which recently bought long-time partner Comptel Corp. as part of a strategy to build a software business, also said it was still on track to make savings of around 1.2 billion euros in 2018 from its recent. Source: Albuquerque Journal
The stock has a 1-year performance down -4.03% and a positive weekly performance at 3.87%. Moreover, the stock is down -1.65% in one month through last close, to $5.37, showing a 16.23% return during the past three months. The company is set at a mean analysts’ recommendation of 2.60.
NOK has been paying dividends since 1993 and has raised their dividend for 1 consecutive years. It has a dividend yield of 5.30% and a 5 year dividend growth rate of 23.22%. Their payout ratio is 42.00%.