Fwd: NOK: Nokia jumps 9% on beating Q2 expectations and reaffirming FY 2022 guidance

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From: SA Breaking News <account@seekingalpha.com>
Date: Thu, Jul 21, 2022, 9:08 AM
Subject: NOK: Nokia jumps 9% on beating Q2 expectations and reaffirming FY 2022 guidance
To: Richard Dwyer <esquire777@gmail.com>

Nokia (NYSE:NOK) stock climbs 8% on beating topline revenue by €290M, up 11.1% Y/Y at €5.9B. Network Infrastructure net ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

Nokia jumps 9% on beating Q2 expectations and reaffirming FY 2022 guidance 12:06 PM | Nokia Oyj (NOK) | By: Manshi Mamtora, CFA, SA News Editor Nokia (NYSE:NOK) stock climbs 8% on beating topline revenue by €290M, up 11.1% Y/Y  at €5.9B. Network Infrastructure net sales grew 12%; Cloud and Network Services net sales were flat. Comparable gross margin of 40.6% and operating margin of 12.2% Free cash flow negative €0.1B, net cash balance of  €4.5B. Re-affirms FY22 outlook: FY net sales outlook is €23.5B to €24.7B. Comparable operating margin guidance remains 11% to 13.5%. Free cash flow 25-55% conversion from comparable operating profit. Segment wise operating margin guidance: Mobile Networks 6.5-9.5%; Network Infrastructure 9.5-12.5%; Cloud and Network Services 4.0-7.0%. Non-GAAP EPS of €0.10 beats consensus by €0.02. Dig deeper in company presentation: Company has quant rating of Hold with 3.09 score and lowest marks given to growth. Company declared a dividend of EUR 0.02 for the quarter. Contributor commentary on the stock ahead of earnings looks like: 'The company is becoming more efficient at allocating capital and its current valuation is cheap.' Optimism instilled with a Buy rating say: 'Nokia: This Risen Phoenix Should Be In All Portfolios' Previously (July 21): Nokia Non-GAAP EPS of €0.10 beats by €0.02, revenue of €5.9B beats by €290M Read comments » Download the Seeking Alpha App! Featured: Want more investing ideas? 💡 Newsletter launch! Get top growth stock picks - just $99/year! Like our Breaking News? Try our other newsletters as well. This email was sent to you because you signed up to receive this Breaking News Alerts. If you do not want to receive these real-time alerts, click here to unsubscribe. Sent by Seeking Alpha, 52 Vanderbilt Avenue, 13th floor, New York, NY 10017