BUZZ-Nokia rises after Q4 beat with strength across the board

Reuters
01-30
BUZZ-Nokia rises after Q4 beat with strength across the board

** Shares in Nokia NOKIA.HE rise 3% after the Finnish group posted a Q4 beat

** Q4 net sales rose 10% to EUR 5.98 billion ($6.23 billion), above estimates of 5.74 billion

** Jefferies says sales were up with broad-based strength across all areas

** Inderes also notes a much stronger-than-expected Q4 result, adding that the earnings outperformance was driven in particular by the Technology unit and Network Infrastructure

** "Despite the loss of AT&T, revenues in North America grew by 9%, reflecting the recovery of the market from a very weak comparative period," Inderes adds

** "In an uncertain year, Nokia seems to be heading for strength," Jefferies concludes

** Nokia is among top performers on STOXX 600 index .STOXX

($1 = 0.9602 euros)

(Reporting by Jagoda Darlak)

((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))

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