Nokia first quarter in profit, revenues miss consensus

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The Finnish company, battling with China’s Huawei and Sweden’s Ericsson (ST:ERICb), is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth.

Nokia (NYSE:NOK) reported January-March revenues of 4.9 billion euros ($5.33 billion), missing the 5.1 billion euro consensus figure, according to Refinitiv data.

Nokia generated first quarter underlying profit of 1 cent per share, beating analysts forecast for breakeven, and a loss of 2 cents per share in the same period last year.

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