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Rap Sheet

Author:

LongTerm CapGains

Subject:

Off Topic

Date:

04/27/17 at 7:02 AM CDT

 

 

READ: 3

RPLY: 0

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Sentiment:

Neutral

Nokia meets on Profit, beats on Revenue

Very decent results, Network Business revenue still declined (-6% this quarter vs. -14% last quarter)  but overall revenue declined about 2%. The Technology division sales increased 25% YoY, this is still a very small part of the overall revenue, but it has great potential for the very long term.   In sharp contrast Ericsson's Network revenue declined 13%.

The heavy lifting is behind them, it should incrementally improve, as should the share price.  If I am correct that the worst is behind them, the dividend should be safe.

I also believe that this report proves that Nokia is fending off Huaweii much better than Ericsson can.  That is not to say there isn't any pressure from Huaweii, but it is holding its own.

finance.yahoo.com/ne...9.html

 

 

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