Published 1 year ago

Nokia's quarterly profit beats expectations on 'robust' demand

Summary by Ground News

The Espoo, Finland-based company reported net profit of 929 million euros ($1 billion) for the October-December period. Nokia is one of the world's main suppliers of 5G, the latest generation of broadband technology. Nokia said it had concluded a multi-year license patent agreement with Samsung.

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Times of India

Nokia's quarterly profit beats expectations

Fourth-quarter comparable operating profit rose to 1.15 billion euros ($1.26 billion) from 908 million last year, beating the 924.6 million euro mean forecast of 10 analysts polled by Refinitiv. "Looking forward to 2023, while we are mindful of the uncertain economic outlook, demand remains robust," Chief Executive Pekka Lundmark said in a statement.

1 year ago·India

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Reuters

Nokia's quarterly profit beats expectations on 'robust' demand

Nokia on Thursday beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker benefited from 5G roll-out in countries such as India.

1 year ago·United Kingdom

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Associated Press News

Nokia 4Q profit beats expectations on back of robust demand

HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio.

1 year ago·United States

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KRDO

Nokia 4Q profit beats expectations on back of robust demand

HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia is reporting strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio. The Espoo, Finland-based company reported net profit of 929 million euros ($1 billion) for the October-December period on Thursday, 27% more than a year earlier. Nokia’s sales were up 16% at 7.4 billion euros. The company’s performance during the quarter exce…

1 year ago·Colorado Springs, United States

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RTÉ

Nokia's quarterly profit beats expectations

Nokia today beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker benefited from 5G roll-out in countries such as India.

1 year ago·Ireland

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Winnipeg Free Press

Nokia 4Q profit beats expectations on back of robust demand

HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio. The […]

1 year ago·Winnipeg, Canada

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