Report
Mark Cash
EUR 100.00 For Business Accounts Only

Margins Hamper Nokia's 1Q, but 2019 and 2020 Guidance Reaffirmed; Dropping FVE to $7.20

No-moat Nokia's 2% year-over-year revenue growth in the first quarter beat our expectations, but myriad issues weighed on its margins. Gross and operating margins came in significantly lower than our forecast as Nokia pointed to the cost of 5G trials, competitive intensity, operational execution, product mix issues, and services cost overruns. The quarter was fraught with issues, but management reaffirmed its 2019 and 2020 guidance and expects to perform extraordinarily in the back half of 2019....
Underlying
Nokia TRADEGATE EXCHANGE

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mark Cash

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