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. Four analysts polled by LSEG had on average forecast a comparable profit of 663 million euros.

Reuters

April 18, 2024 / 10:50 IST

Nokia's Q1 comparable operating profit grows less than expected

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.

Reuters

first published: Apr 18, 2024 10:50 am

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