ID:
1532583659840035400
Thu, 2018-07-26 05:34
HELSINKI: Telecom network equipment maker Nokia on Thursday posted quarterly earnings below market expectations but vowed that business would recover later this year on the back of a next-generation 5G cycle picking up pace in the US.
The Finnish company’s non-IFRS operating profit in the second quarter, which it had signaled would be weak, fell 42 percent from a year ago to €334 million ($392 million), missing the analyst mean forecast of €373 million.
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