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I'm practicing how to read quarterly reports of publicly traded companies. I'm looking at Nokia's with this link here:

https://www.nokia.com/system/files/2019-10/nokia_results_2019_q3.pdf

Am I correct in understanding the following:

  • their earnings for Q3 is 85M Euros as shown on page 25 Profit/(loss) for the period = 85

  • their earnings for Q1 to Q3 is -553M Euros as shown on page 25 Profit/(loss) for the period = (553)

  • their EBITDA for Q3 is 665M Euros as shown on page 35 EBITDA Non-IFRS

  • their EBITDA for Q1 to Q3 is 1406M Euros as shown on page 35 EBITDA Non-IFRS

Did I read these numbers correctly?

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  • Can you clarify your question? Are you asking if those numbers are right or why they are different (e.g. why EBITDA is reported along with net earnings)?
    – D Stanley
    Dec 23, 2019 at 13:55
  • I edited the question to just ask if I read those numbers correctly. I'll write a separate question later on whether companies similar to NOKIA are expected to have substantial differences between Earnings and EBITDA
    – John
    Dec 23, 2019 at 15:20

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Yes you read those correctly. The "Q1" values are earnings/EBITDA for the third quarter - the "Q1-Q3" values are the year-to-date totals, or the totals inclusive of Q1, Q2, and Q3.

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