Vladimír Urbánek (Kurzy.cz)
World markets  |  October 18, 2012 13:36:23

Nokia loss in Q3 was about half larger than expected, optimistic outlook, shares rise 9%

Finnish Nokia 3Q of this year showed a significant deterioration in results when the net loss increased to 969 million euros from 68 million euros a year ago. Market counted an average of deepening losses "only" to about 657 million euros.
Excluding some one-time items the company posted an operating profit.
Total revenues declined by 19% to 7.24 mld.EUR, which exceeded market expectations set for 7 mld.EUR.

Net balance of cash and liquid resources mld.EUR decreased from 4.2 at the end of 2Q to 3.6 mld.EUR. The cash reserves of the company over the last 5 years shrunk by half and is estimated to women and the end of this year will reach only 3 mld.EUR.

Nokia during 3Q sold 6.3 million smartphones and 76.6 million ordinary telephones. But a market estimated 6.84 and 74.6 million units.Smart phones from Nokia are working as one of the few operating system from Microsoft. Market share of operating systems from this company in mobile phones decreased to about 2.7% compared to 83% for operating systems, iPhone and Android.

Nokia in the next few weeks will launch new models Lumia 920/820 to be the main competition iPhonům popular and cheaper Samsung Galaxy. It is estimated that the Finnish company could market place around 2.93 million new device.

The company's management presented the outlook for Q4 of this year, which allows for an operating loss of 6% of total sales plus or minus 4 percentage points more. In 2Q12 and 3Q12 it was 9.1 or 7.4%.

Nokia shares rise after earnings report by 9%. Since the beginning of the title to yesterday's conclusion weakened by 42% and returned to the price level of 1996.Since 2007, when they were first introduced smart phones, the market capitalization of the former Finnish giant has fallen by as much as 90%.
Was this article: 10 | 8 | 6 | 4 | 2 | 0

Read also:

Ztráta Nokie ve 3Q byla o polovinu větší než se čekalo, výhled optimističtější, akcie rostou o 9%

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688