(Reuters) -Finnish telecom gear maker Nokia reported on Thursday a first-quarter comparable operating profit that missed market expectations, with net sales falling 19% as operators’ spending on 5G technology slows.
Nokia said its comparable operating profit excluding certain items of income and expenses grew to 597 million euros from a year-earlier 479 million. Four analysts polled by LSEG had on average forecast a comparable profit of 663 million euros.
The company kept its full-year outlook.
(Reporting by Olivier Sorgho in Gdansk; Editing by Anna Ringstrom)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.