Why Nokia Stock Jumped on Thursday
Shares of wireless industry veteran (NYSE: NOK) had a great day on Thursday. Following a robust earnings release early in the morning, the Finnish company's stock jumped as much as 9.5%. It had cooled off somewhat to a 7.3% gain by 1 p.m. ET.
The average analyst expected fourth-quarter earnings near 0.14 euros per diluted share (approximately $0.15) on revenue in the neighborhood of 6.2 billion euros (around $6.46 billion). Nokia fell short of the top-line target with net sales of 5.98 billion. It also exceeded the consensus earnings target with earnings of 0.15 euros per share (approximately $0.16).
So the headline numbers were a mixed bag, but that wasn't the whole story. Nokia also offered financial guidance for 2025 and 2026. The guidance targets at least $990 million of free cash flow (FCF) this year and richer operating margins in the long run.
Source Fool.com
Nokia Corp. Stock
Our community is currently high on Nokia Corp. with 4 Buy predictions and 0 Sell predictions.
With a target price of 7 € there is a positive potential of 27.5% for Nokia Corp. compared to the current price of 5.49 €.
