• (PLX AI) – Nokia shares soared more than 8% after the company posted earnings ahead of consensus and upgraded its margin guidance more than expected.
  • • Q2 adjusted EBIT of EUR 682 million crushed expectations of EUR 404 million
  • • Guidance for adj. EBIT margin was raised to 10-12% from 7-10%
  • • The main overperformer was very strong gross margin in Mobile Networks
  • • EBIT estimates may go up 10% based on today's results, SEB said
  • • Consensus may go up as much as 15%, Kepler Cheuvreux said
  • • Nokia is recovering much faster than expected, while the valuation is not yet demanding, Kepler said
  • • Kepler rates Nokia buy, with price target EUR 5.50

Quelle: PLX AI