Your current location:HOME >sport >Nokia sees double 正文
TIME:2024-05-21 18:16:27 Source: Internet compilationEdit:sport
HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than
HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than-expected profit and a double-digit fall in sales in the first quarter due to a market weakened by a lack of clients investing in 5G technology.
The Espoo, Finland-based company reported a net profit of 501 million euros ($535 million) for the January-March period, up 46% from 342 million euros a year earlier. The figure was still lower than analysts had expected.
One-off gains from Nokia’s licensing business contributed to the profit.
Net income attributable to shareholders was 497 million euros, up from from 332 million euros a year earlier. Nokia’s sales were down 20% at 4.7 billion euros.
The ongoing weakness in the telecom equipment market, where operators are cutting back on investments into 5G and other technology because of economic uncertainty and high financing costs, prevailed in the first quarter “as expected,” Nokia’s CEO Pekka Lundmark said.
Iran helicopter crash that killed President Raisi could reverberate across the Middle East2024-05-21 17:30
UN chief calls for restraint after Iran's retaliatory attacks on Israel2024-05-21 17:19
The Paris Games' grandiose opening ceremony is being squeezed by security and transport issues2024-05-21 17:14
Beijing half marathon results under investigation after runners appear to hand win to Chinese star2024-05-21 17:04
Candice Swanepoel stuns in a form2024-05-21 16:44
German chancellor presses China on Russia's invasion of Ukraine2024-05-21 16:36
China's science foundation funds 31 bln yuan in research in 20232024-05-21 16:14
U.S. 'world leadership' in the red2024-05-21 15:40
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car2024-05-21 15:36
Nelly Furtado wears NO underwear in racy lace2024-05-21 15:31
Biden says Brown v. Board of Education ruling was about more than education2024-05-21 17:42
The Paris Games' grandiose opening ceremony is being squeezed by security and transport issues2024-05-21 17:26
UN chief calls for restraint after Iran's retaliatory attacks on Israel2024-05-21 17:07
China launches publication and education campaign to commemorate martyrs2024-05-21 16:54
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America2024-05-21 16:41
Jamie Oliver's Air Fryer Meals: Chef fails to impress in new Channel 4 series2024-05-21 16:18
Girls Aloud poke fun at iconic clip where Cheryl insisted they would NEVER get back together2024-05-21 16:16
China ready to work with neighboring countries to expand convergence of interests: spokesperson2024-05-21 16:08
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse2024-05-21 15:35
China, Nauru gathering momentum for growth of ties2024-05-21 15:33