Nokia (NOK) Misses Q1 EPS by 1c; Commences Headcount Reduction, Plans to Acquire Withings
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Nokia (NOK) Announces Issuance of Shares Tied to Alcatel Merger
May 10, 2016 6:29 AM EDTOn May 9, 2016, Nokia (NYSE: NOK) closed the acquisition of 107 775 949 Alcatel-Lucent shares from JPMorgan Chase Bank N.A., as depositary (the "Alcatel Depositary"), pursuant to the share purchase agreement announced on March 17, 2016. These shares represent Alcatel-Lucent shares that remained in the Alcatel-Lucent American depositary receipts program after the cancellation period and following the... More
Nokia stock falls 7 percent after vague long-term profit outlook
May 10, 2016 1:32 AM EDTBy Jussi Rosendahl and Eric Auchard
HELSINKI/FRANKFURT (Reuters) - Nokia's sales of network traffic equipment fell more than expected in the first quarter and will decline this year, the Finnish company said, as buyers hold off orders while it merges operations with recently purchased rival Alcatel Lucent.
However, it was the company's refusal to detail how it planned to shore up falling profits in the longer run that led Nokia shares to fall sharply in late afternoon trading, closing down 7.2 percent at 4.65 euros in Helsinki.
For the full year, Nokia forecast falling... More
Raymond James Upgrades Nokia (NOK) to Market Perform
May 6, 2016 7:45 AM EDTRaymond James upgraded Nokia (NYSE: NOK) from Underperform to Market Perform.
For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.
Shares of Nokia closed at $5.69 yesterday.
... More