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Nokia soars after Q4 sales beats expectations

 

Straight from the Reuters Release :

Shares in Nokia (NOK1V.HE) soar 10.5 percent, hitting a three-month high after it reports stronger than expected fourth-quarter sales and profits powered by improving market share in smartphones.

“All in all it looked good — profitability, volumes, everything — both Q4 results as well as the guidance for the first quarter,” says Michael Schroder at FIM Brokerage.

“The most surprising was perhaps that it gained back market share in smartphones to 40 percent, when the expectation was it could even drop further from the around 35 percent in the previous quarter.”

Underlying fourth-quarter earnings per share fall slightly from a year ago to 0.25 euros, but still beat all expectations in the Reuters poll, which range from 0.15 to 0.24 euros.

   

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Clinton Jeff

Clinton is currently based in New Delhi, India and is executive editor for UnleashThePhones. He is responsible for all editorial decisions, and covers all forms of Mobile things. Cj is addicted to caffeine, social media, and technology. Always up for a good conversation, you can reach him through the contact form, his website, on Google Plus or on Facebook or Twitter:

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