Nokia is doing better than expected

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Telecom manufacturer Nokia reports an unexpectedly strong result for the second quarter of the year. Operating profit rose to EUR 451 million, which is comparable to EUR 334 million a year earlier.

Per share it was EUR 0:05, which can be compared with an average forecast among analysts of EUR 0:03 according to Refinitiv. Revenues during the quarter rose by 7 percent compared to the previous year to EUR 5.7 billion.

Analysts had estimated just over SEK 5.4 billion. The forecast for the full year 2019 is simultaneously confirmed by Nokia CEO Rajeev Suri, although he also points to risks related to, among other things, uncertainty in trade issues and challenges in the Chinese market.

Marc Jacobs

Author: Marc Jacobs

I am a journalist by profession. I have been working as a journalist for 15 years, first as a reporter and eventually as an Editor. I finished Journalism from the University of the Philippines. I have a Master's Degree in Literature from the University of Santo Tomas, where I graduated cum laude. I am currently taking my PhD in Literature also in UST.