Nokia’s quarterly profit beats on 5G demand -Breaking
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© Reuters. FILE PHOTO: A Nokia brand is seen at firm’s headquarters in Espoo, Finland, Might 5, 2017. REUTERS/Ints KalninsSTOCKHOLM (Reuters) – Telecom gear maker Nokia (NYSE:) reported stronger-than-expected quarterly working revenue on Thursday helped by greater demand for 5G gear regardless of provide chain constraints.
First-quarter comparable working revenue rose to 583 million euros ($613 million) from 551 million final yr, beating the 513 million euro imply forecast of 11 analysts polled by Refinitiv.
($1 = 0.9509 euros)
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