Instant view: Nokia Q1 earnings beat expectations (Reuters)

Thursday, April 21, 2011 5:01 AM

HELSINKI (Reuters) – Nokia's earnings lapse inferior than due in the prototypal lodge and the consort subscribed a test commendation to move using Microsoft software, sending its shares 3 proportionality higher.

The following are unmediated comments from analysts:

RICHARD WINDSOR, GLOBAL TECHNOOGY SPECIALIST, NOMURA

"It's a taste of a no-score draw really, to be honest. You've got a solid ordered of drawing but counselling is bad. But it's not the cataclysm that had been feared. We were worried that they might miss Q2 revenue by 10-15 pct because we'd heard the drawing discover of Asia were bad. You've got a lowercase taste of comfort going on today but it belike doesn't hit legs in it."

SAMI SARKAMIES, ANALYST, NORDEA

"The prototypal lodge was very strong, such meliorate than expected."

"It seems the status is under control, there were no dramatic changes."

"In the second lodge counselling digit crapper wager the factor shortage, caused by the Japan quake. The sales forecast is weaker than expected, but edge is at a beatific level."

"The second lodge counselling was category of a disappointment."

"Also 2011 edge forecast is slightly disappointing."

"Finalizing the deal with Microsoft was expected."

FRANCISCO JERONIMO, ANALYST, IDC

"Nokia's quarterly results were impacted by the disaster in Japan and the seasonality after the pass sales season."

"These results show that Nokia is ease covering strong challenges in both feature phones and smartphones segments."

"Nokia needs to deliver the newborn Windows Phones within estimated and declared timeframes, not to disappoint the mart as it happened in the past with the improvements announced, but not delivered, to Symbian."

LARS SODERFJELL, ANALYST, ALANDSBANKEN

"Good Q1 numbers, a lowercase taste unsatisfactory counselling for Q2, Q3, for devices and services and lowercase newborn aggregation in the promulgation most the Microsoft agreement."

"There is ever irresolution in connection with Nokia's reports but I don't wager such that module modify people's analyse on the deal on the backwards of this."

HANNU RAUHALA, ANALYST, POHJOLA BANK

"The drawing were quite alright, some were fearing such weaker numbers, but there was no immoderate fall."

"The sound organisation gain utilization was as expected, there was no drop as was feared."

"The mart deal fall in smartphones was expected."

GREGER JOHANSSON, ANALYST, REDEYE

"It's a lowercase taste of a integrated report. The Q1 figures were meliorate than due but on the other hand the looking for sales in Q2 is worse than expected. They declared pretty bounteous outlay selection in operating expenses and subscribed an commendation with Microsoft."

"Guidance was a taste weak but outlay selection measures were a taste higher than I due - they module cut 1 1000000000 euro in operating expenses."

GEOFF BLABER, ANALYST, CCS INSIGHT "Performance was largely conformable with expectations and there module be a respire of comfort that there appeared to be no goodish downswing at the low-end to compound Nokia's difficulties in the high-tier."

"Finalisation of the commendation with Microsoft effectuation Nokia crapper now focus on execution, but edge counselling underlines that difficult times lie aweigh as it transitions the portfolio."

(Reporting by port Newsroom)


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