Analyst Poll: Nokia 2Q Margins Headed South
Nokia could be looking at a disappointing second quarter.
A Reuters poll of analysts found expectations were for a 7.7 percent drop in profit margin at its core networks business for the second quarter.
Of the 18 analysts who gave their rating on Nokia stock, Reuters reports that eight were positive, seven negative, and three neutral.
Nokia is up against a rising Ericsson, which despite curtailing LTE rollouts in the United States, still managed to beat second-quarter expectations for revenue and margins.
Nokia is still streamlining its business after selling its handset division to Microsoft back in April for $7.2 billion.
Rajeev Suri, was head of networks prior to the sale of the handset division, but he has since taken over as CEO of the company.
Nokia reports its second quarter earnings on this week on July 24.