Why Nokia Stock Jumped on Thursday
Shares of wireless industry veteran (NYSE: NOK) had a great day on Thursday. Following a robust earnings release early in the morning, the Finnish company's stock jumped as much as 9.5%. It had cooled off somewhat to a 7.3% gain by 1 p.m. ET.
The average analyst expected fourth-quarter earnings near 0.14 euros per diluted share (approximately $0.15) on revenue in the neighborhood of 6.2 billion euros (around $6.46 billion). Nokia fell short of the top-line target with net sales of 5.98 billion. It also exceeded the consensus earnings target with earnings of 0.15 euros per share (approximately $0.16).
So the headline numbers were a mixed bag, but that wasn't the whole story. Nokia also offered financial guidance for 2025 and 2026. The guidance targets at least $990 million of free cash flow (FCF) this year and richer operating margins in the long run.
Source Fool.com
