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Nokia's Q3 Comparable Earnings Rise, Revenue Declines; 2024 Profit Outlook Maintained
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Nokia's Q3 Comparable Earnings Rise, Revenue Declines; 2024 Profit Outlook Maintained
Oct 17, 2024 2:13 PM

05:54 AM EDT, 10/17/2024 (MT Newswires) -- Nokia ( NOK ) reported Q3 comparable earnings Thursday of 0.06 euros ($0.07) per diluted share, up from 0.05 euros a year earlier.

Analysts polled by Capital IQ expected 0.07 euros.

Revenue for the quarter ended Sept. 30 was 4.33 billion euros, down from 4.71 billion euros a year earlier.

Analysts surveyed by Capital IQ expected 4.79 billion euros.

For 2024, the company maintained its comparable operating profit outlook of 2.3 billion euros to 2.9 billion euros. It is "currently tracking within the bottom-half of the range."

Meanwhile, the company said it is maintaining a quarterly dividend of 0.03 euros per share, payable Oct. 31 to shareholders of record on Oct. 22.

Price: 4.5000, Change: +0.04, Percent Change: +0.90

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