Will Top-Line Decline Affect Nokia's Q1 Earnings Results?

Core Insights - Nokia Corporation is scheduled to release its first-quarter 2024 results on April 24, with adjusted earnings from the last reported quarter at 19 cents per share [1] Financial Performance - The company is expected to experience revenue contraction year over year due to intense competition, macroeconomic challenges, and inventory corrections [2] - Total revenue for the March quarter is estimated at $4.62 billion, down from$5.07 billion in the prior-year quarter, with adjusted earnings per share projected at 6 cents, a decrease from 10 cents in the previous year [8] Strategic Developments - Nokia completed the divestiture of its submarine networks business to the French State, aligning with its strategy to focus on core Network Infrastructure business [3] - The company has signed multi-year patent license agreements with Samsung and Amazon, which are expected to positively impact its upcoming results [5] Product Innovations - Nokia launched a new digital platform, Broadband Easy, to streamline broadband rollout, and introduced a Wi-Fi 7-enabled compact 5G indoor gateway, FastMile Gateway 4, enhancing consumer experience [6] Revenue Estimates - The Zacks Consensus Estimate for revenues from Mobile Networks is €1.7 billion, indicating 5.9% year-over-year growth, while Network Infrastructure revenues are estimated at €1.5 billion, also reflecting 5.9% growth [7]