Nokia reported Q3 revenues of €5,537m, down 4% yoy at comparable currency and 7.1% on reported figures: - The Ultra Broadband Networks came in at €2,099m (-3% sequentially, -16.7% yoy). Both sub-units went down: Mobile Networks came in at €1,598m (-16.9% yoy), and Fixed Networks at €501m (-15.8%). - Global Services business (consisting of the former services share of the Ultra Broadband Networks business) came in at €1,359m (-2.2%). - IP Networks and Applications came
26 Oct 2017
Weak quarter and guidance, smashing the hopes of a solid recovery
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Weak quarter and guidance, smashing the hopes of a solid recovery
Nokia Oyj (NOKI:WBO) | 0 0 1.8% | Mkt Cap: 27,194m
- Published:
26 Oct 2017 -
Author:
Charles Bordes -
Pages:
3
Nokia reported Q3 revenues of €5,537m, down 4% yoy at comparable currency and 7.1% on reported figures: - The Ultra Broadband Networks came in at €2,099m (-3% sequentially, -16.7% yoy). Both sub-units went down: Mobile Networks came in at €1,598m (-16.9% yoy), and Fixed Networks at €501m (-15.8%). - Global Services business (consisting of the former services share of the Ultra Broadband Networks business) came in at €1,359m (-2.2%). - IP Networks and Applications came