Will Top-Line Expansion Buoy Nokia's (NOK) Q1 Earnings?
Zacks.com
2 hrs ago
Nokia Corporation NOK is scheduled to report first-quarter 2021 results, before the opening bell, on Apr 29. In the last reported quarter, adjusted earnings surpassed the Zacks Consensus Estimate by 5 cents. In the first quarter, the company is likely to have recorded higher revenues year over year, driven by solid traction of 5G radio access products across the globe despite certain COVID-19 adversities.
The Finnish entity’s margins might have jumped on product cost reduction and increased ReefShark shipments. Nokia is committed to strengthening business roadmaps with accretive technological collaborations and delivering long-term financial performance on the back of sustainable cash generation. Higher investments in 5G R&D, fueled by healthy demand for 5G telecommunications equipment for higher deployments, might have acted as tailwinds.