Nokia beats profit expectations and forecasts demand recovery
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Nokia stock stages 'relief rally' on improving demand outlook
January 25, 2024 6:44 AM ESTShares of Nokia (NYSE: NOK) jumped 8.5% in premarket trading Thursday after the Finnish telecom infrastructure company reported better-than-expected quarterly profit and forecast improved demand in the second half of the year.
Notably, the telecom giant said its comparable earnings before interest and tax (EBIT) dropped to 846 million euros ($920.2 million) in the quarter, down from 1.15 billion euros in the same quarter a year earlier. However, the... More
