BUZZ-Nokia rises after Q4 beat with strength across the board
ReutersJan 30, 2025 8:16 AM
Shares in Nokia NOKIA.HE rise 3% after the Finnish group posted a Q4 beat
Q4 net sales rose 10% to EUR 5.98 billion ($6.23 billion), above estimates of 5.74 billion
Jefferies says sales were up with broad-based strength across all areas
Inderes also notes a much stronger-than-expected Q4 result, adding that the earnings outperformance was driven in particular by the Technology unit and Network Infrastructure
"Despite the loss of AT&T, revenues in North America grew by 9%, reflecting the recovery of the market from a very weak comparative period," Inderes adds
"In an uncertain year, Nokia seems to be heading for strength," Jefferies concludes
Nokia is among top performers on STOXX 600 index .STOXX
($1 = 0.9602 euros)
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