Nokia dotted earnings expectations – but margins were weak – Private Businesses

Nokia reports earnings per share, excluding extraordinary expenses (non-IFRS) at 0:05 euros for the first quarter of 2015th

Analysts’ expectations were at a Profit at 0:05 euros per share, according to SME Direkt.

The reported earnings per share were EUR 12:05 against the anticipated 0:04 euros per share.

The turnover ended at 3 2 billion for the quarter. The analysts’ average expectations lay on a turnover of 2.99 billion euros.

Networks pressured earnings

A clearly weaker profitability in Nokia Networks pressured earnings in the first quarter.

Lower software sales, lower gross margin in the systems integration business and a short-term negative impact of new strategic businesses has helped to squeeze profitability.

Nokia also refers to higher operating expenses as a result of currency effects, increased investment in LTE, 5G and the cloud and the more challenging market conditions.

Networks operating profit, excluding exceptional items, fell 61 percent to EUR 85 million (216). The operating margin of 3.2 percent was completed lower-than-expected 8.9 percent, according to SME Direkt.