Nokia: Q1 Earnings Snapshot
ESPOO, Finland (AP) — ESPOO, Finland (AP) — Nokia Corp. (NOK) on Thursday reported first-quarter profit of $299.3 million.
On a per-share basis, the Espoo, Finland-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The technology company posted revenue of $6.29 billion in the period.
Nokia expects full-year revenue in the range of $26.39 billion to $28.11 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOK at https://www.zacks.com/ap/NOK