Nokia Corporation (NYSE:NOK) shares are trading lower premarket on Thursday after the company reported fourth-quarter FY25 results.
Details
The company reported net sales growth of 2% year-on-year (Y/Y) to 6.1 billion euros ($7.13 billion), beating the analyst consensus estimate of $6.95 billion.
Comparable net sales rose 3% Y/Y when adjusted for currency changes and portfolio effects, led by growth in Network Infrastructure and Mobile Networks segments.
Comparable EPS came in at 16 euro cents (19 cents per share in dollars), compared with the analyst consensus estimate of 17 cents per share in dollars.
Comparable gross margin expanded 90 basis points Y/Y to 48.1%, aided by a strong product mix.
Meanwhile, comparable operating margin contracted 90 basis points …