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Nokia's earnings soar, shares tumble

It's the most puzzling thing about the stock market to investing newbies: How can a company like Nokia see its earnings rise 25 percent, but its shares tumble 10 percent? That's because for most tech stocks, Wall Street doesn't care what you've done for it lately; they care more what you're going to do. And Nokia has given a depressing forecast for U.S. sales. The rational response, of course, is to push off all deals as far into the future as possible, and then announce glistening expectations for what's to come. That seems easier than actually running one's business in a rational manner. [WSJ]

9:00 AM on Thu Apr 17 2008
By Owen Thomas
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  • Image of FiveStarEggRoll FiveStarEggRoll at 11:31 AM on 04/17/08
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    Same for eBay almost every quarter (compared to other interneties). Too focused on the core. Need to visual the company actually being called PayPal and them owning eBay...

    Harry "no doubt" Wang

  • Image of FiveStarEggRoll FiveStarEggRoll at 11:38 AM on 04/17/08
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    [will the be a double post?]

    Same for eBay after most earnings announcements.

    Word of advice: Just think of eBay as being actually owned by PayPal and the company going by PayPal on the stock exchange. Jesus, the core has slowed (duh...mature)...and PayPal is kicking ass.

    Harry "wishes they would spin off PayPal but knows they never will" Wang

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