Day: January 30, 2025

Nokia CorporationFinancial Statement Release30 January 2025 at 08:00 EET Nokia Corporation Financial Report for Q4 and full year 2024 Strong Q4 growth and profitability as market trends improveQ4 net sales increased 9% y-o-y in constant currency (10% reported). Network Infrastructure net sales grew strongly with all units contributing, Nokia Technologies grew significantly and Cloud and Network Services also grew in Q4. Comparable gross margin in Q4 increased by 250bps y-o-y to 47.2% (reported increased 280bps to 46.1%), with a strong contribution from Nokia Technologies along with smaller contributions from other businesses. Q4 comparable operating margin increased 380bps y-o-y to 19.1% (reported up 540bps to 15.3%), mainly due to higher gross margin, continued cost control and higher contribution from Nokia Technologies. Q4 comparable...

PR No: C3309C  STMicroelectronics Reports Q4 and FY 2024 Financial ResultsQ4 net revenues $3.32 billion; gross margin 37.7%; operating margin 11.1%; net income $341 million FY net revenues $13.27 billion; gross margin 39.3%; operating margin 12.6%; net income $1.56 billion Business outlook at mid-point: Q1 net revenues of $2.51 billion and gross margin of 33.8% Start of the company-wide program to resize global cost base*    Geneva, January 30, 2025 – STMicroelectronics N.V. (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the fourth quarter ended December 31, 2024. This press release also contains non-U.S. GAAP measures (see Appendix for additional information). ST reported fourth quarter net revenues of $3.32 billion, gross...