• Sun. Nov 27th, 2022

Neonews.online

Actual and verified news from Ukraine and the world

Nokia’s second-quarter profit beats expectations

Byadmin

Jul 21, 2022 ,
Прибыль Nokia за второй квартал превышает прогнозы

Company’s profit beats forecasts in growing 5G market

Despite strong demand from mobile operators for 5G equipment, Nokia Oyj reported higher-than-expected earnings and said it is on track to meet full-year guidance.

The Finnish mobile network operator said its adjusted operating income of 714 million euros ($730 million) in the second quarter surpassed analysts’ average estimate of 640.5 million euros.

Earnings per share amounted to 0.10 euros

According to the company, its mobile networking division has resumed growth and has dealt well with supply issues that continued to disrupt 5G equipment suppliers during the quarter.

Nokia Ericsson shares fell as much as 12% last week following a mixed quarterly report.

Nokia maintained its full-year net sales forecast in constant currency, targeting sales of €23.5 billion to €24.7 billion at the June 30 exchange rate.

The company’s comparable operating margin guidance remains at 11 percent to 13.5 percent.

Следите за нами и ставьте лайки:
fb-share-icon

Leave a Reply

Your email address will not be published.

Wordpress Social Share Plugin powered by Ultimatelysocial