Nokia raises full-year profit forecast
Photo: Joan Mateu Parra/AP/TT

Nokia raises full-year profit forecast after stronger-than-expected adjusted earnings

Telecom manufacturer Nokia reports an operating loss of 50 million euros for the second quarter of this year. This compares with a profit of 147 million euros in the corresponding quarter last year.

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Adjusted for non-recurring items, operating profit was 434 million euros, compared with an expected 372 million, according to Bloomberg.

Net revenue rose 8 percent to EUR 4.8 billion.

In the interim report, Nokia adjusts its forecast for full-year profit to EUR 2.1-2.6 billion, up from EUR 2.0-2.5 billion in the previous forecast.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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