Nokia’s quarterly profit beats expectations By Reuters


© Reuters. FILE PHOTO: A view of the brand on the headquarters of the Finnish telecoms firm Nokia in Espoo, Finland March 16, 2021. Lehtikuva/Heikki Saukkomaa by way of REUTERS

STOCKHOLM (Reuters) – Nokia (NYSE:) on Thursday reported quarterly working revenue above market expectations because the Finnish telecom tools maker benefited from sturdy demand from telephone firms in international locations comparable to India as they roll out 5G and better patent income.

Fourth-quarter comparable working revenue rose to 1.15 billion euros ($1.26 billion) from 908 million final 12 months, beating the 924.6 million euro imply forecast of 10 analysts polled by Refinitiv.

($1 = 0.9160 euros)

#Nokias #quarterly #revenue #beats #expectations #Reuters

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