Nokia Oyj Third Quarter 2024 Earnings: Misses Expectations

Nokia Oyj (HEL:NOKIA) Third Quarter 2024 Results

Key Financial Results

• Revenue: €4.33b (down 8.1% from 3Q 2023).
• Net income: €138.0m (up 1.5% from 3Q 2023).
• Profit margin: 3.2% (up from 2.9% in 3Q 2023).
• EPS: €0.025 (in line with 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nokia Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Communications industry in Europe.

Performance of the market in Finland.

The company's shares are up 7.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Nokia Oyj that you should be aware of.

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