Nokia (NYSE:NOK) said today it's still taking stock of the impact the earthquake and tsunami may have on the company, although concerning the fourth quarter they said there should be no changes to the financial outlook of the company.
The company did say there could be some temporary disruption of its Devices & Services unit. "Nokia expects some disruption to the ability of its Devices & Services unit to supply a number of products due to the currently anticipated industry-wide shortage of relevant components and raw materials sourced from Japan. However, Nokia does not expect any material impact on its Q1 2011 results due to this event."
Nokia was trading at $8.39, gaining $0.11, or 1.33 percent, as of 12:36 PM EDT.
Monday, March 21, 2011
Nokia's (NOK) 4th Quarter Outlook Remains the Same
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1 comment:
NOK market cap is $32 billion. They had $10 billion net cash after Q4, 100% Navteq corp ($6 billion) and 50% of the Nokia Siemens Networks, leading LTE-provider in the world where Nokia's share is $8 billion.
Value of the mobile-phone unit, which sells 500 million phones every year and had its guidance of 7-10% profit for Q1, is around $8 billion(!)
Nokia pays annual divided $0.57 in May.
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