Nokia's Quarterly Profit Beats on 5G Demand

Reuters2022-04-28

(Reuters) - Telecom equipment maker Nokia reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints.

First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by Refinitiv.

($1 = 0.9509 euros)

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