Why Are Nokia Shares Trading Lower On Tuesday?

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Nokia Corp. (NYSE:NOK) shares slipped during Tuesday’s pre-market session. This move follows a positive Monday session where tech buyers boosted the tape.

Nasdaq futures are down 0.69% while S&P 500 futures have shed 0.54%.

Q1 Earnings Looming

Investors are shifting focus to the upcoming first quarter earnings report. Nokia is scheduled to report on April 23. Analysts currently estimate earnings per share (EPS) of five cents. Quarterly revenue is projected to hit $5.38 billion.

Recent Commercial Momentum, AI Partnership

Nokia on March 31 secured a multi-year 5G RAN agreement with Virgin Media O2. The deal supports the U.K. Mobile Transformation Plan. It includes Nokia’s AirScale portfolio and …

Full story available on Benzinga.com

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