Nokia Oyj NOK shares are trading higher by 4.27% at $4.88 Monday morning, despite a lack of company-specific news from the session. Last week, the company reported better-than-expected first-quarter EPS and sales results.
Nokia reported quarterly earnings of 8 cents per share which beat the analyst consensus estimate of 1 cent per share. Nokia also quarterly sales of $6.12 billion which beat the analyst consensus estimate of $5.83 billion.
Nokia is a leading vendor in the telecommunications equipment industry. The company's network business derives revenue from selling wireless and fixed-line hardware, software, and services.
Nokia's technology segment licenses its patent portfolio to handset manufacturers and makes royalties from Nokia-branded cellphones. Nokia operates on a global scale, with most of its revenue from communication service providers.
See also: How to Buy Nokia (NOK) Stock
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