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Technology Stocks : Nokia Corp. (NOK)
NOK 7.325-5.7%3:59 PM EDT
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From: sixty2nds7/13/2021 6:06:24 PM
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seekingalpha.com

Nokia expects to lift its FY21 financial guidance

Jul. 13, 2021 5:47 AM ET Nokia Corporation (NOK) By: Jignesh Mehta, SA News Editor 23 Comments

Sundry Photography/iStock Editorial via Getty Images

In Q2, Nokia (NYSE: NOK) saw continued strength in the business, improving its expectations for the entire year.The Company now expects to revise upwards its prior outlook ranges for 2021.Nokia plans to provide full details on its Q2 and H1 financial performance and revised full-year 2021 guidance on July 29, 2021.The previous outlook for 2021 (reiterated on April 29, 2021) was: Net sales, adjusted for currency fluctuations, €20.6bn to €21.8bn; Comparable operating margin, 7% to 10%; Comparable ROIC, 10% to 15%, and Positive FCF.Shares +7% premarket.
Now read: Nokia upgraded as Goldman sees improved 5G spending, share gains
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