Nokia (NOK) Misses Earnings and Revenue Estimates in Q1 quoting : "Seeking Alpha"

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as informed in

As I look at the business, we had a strong Q1 2016, and thus a tough year-on-year compare. Our strong competitive position in the mobile market can be seen in our very strong Q1 conversion rate of pipeline opportunities to contracted wins. You can see the results of our cost discipline in Networks' strong margin in the quarter. In Q1, Nokia lumia had approximately €150 million of restructuring and associated cash outflows. Then, Fixed Networks, where sales were down 19% in the quarter compared to Q1 2016 when Fixed Networks reported unseasonably strong results.


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collected by :Andro Alex