Finnish company is selling more 5G gear in low-margin markets
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Nokia on Thursday reported quarterly operating profit below market expectations as the Finnish company is selling more 5G gear in low-margin markets than in high-margin regions such as the United States.
First-quarter comparable operating profit fell to 479 million euros ($524.94 million) from 583 million last year, missing the 532.4 million euro mean forecast of analysts polled by Refinitiv. ($1 = 0.9125 euros) (Reporting by Supantha Mukherjee in Stockholm, editing by Terje Solsvik)
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