Nokia's Q1 comparable operating profit grows less than expected

Nokia's Q1 comparable operating profit grows less than expected
Nokia said its comparable operating profit excluding certain items of income and expenses grew to 597 million euros from a year-earlier 479 million. (Image credit: Reuters)

Finnish telecom gear maker Nokia reported on Thursday a first-quarter comparable operating profit that missed market expectations, with net sales falling 19% as operators' spending on 5G technology slows. Nokia said its comparable operating profit excluding certain items of income and expenses grew to 597 million euros from a year-earlier 479 million. Four analysts polled by LSEG had on average forecast a comparable profit of 663 million euros.

The company kept its full-year outlook.

 

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Written By: Reuters
Updated: Thu, Apr 18, 2024
11:12 AM IST
Reuters
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