Nokia Corp. on Thursday posted a forecast-beating 3rd-quarter internet gain as need for cellular networks and community infrastructure remained potent and supply-chain constraints eased.
Nokia
NOK,
NOKIA,
reported it even now expects to deliver net revenue progress in mobile networks on a continuous-currency foundation in 2022 immediately after potent gross sales growth in North The usa during the quarter, even though revenue in Europe, Latin The usa and Higher China also grew.
Similar net income for the quarter rose to 550 million euros ($537.6 million) from EUR454 million a yr earlier as profits rose 16% to EUR6.24 billion, it mentioned.
Analysts polled by FactSet had predicted similar internet profit of EUR510 million on profits of EUR6.05 billion.
On a noted basis, Nokia posted a internet gain of EUR427 million from EUR342 million a 12 months previously.
Nokia lifted complete-12 months gross sales guidance to in between EUR23.9 billion and EUR25.1 billion from EUR23.5 billion and EUR24.7 billion, modified for forex. It however sees the total-yr similar running margin at 11%-13.5%.
“While threats all over timing of remarkable discounts in Nokia Systems stay, assuming these near we continue monitoring in direction of the large-finish of our net product sales advice for 2022 and in the direction of the mid-position of our functioning margin advice,” Main Executive Pekka Lundmark explained.
Generate to Dominic Chopping at dominic.chopping@wsj.com
Nokia Corp. on Thursday posted a forecast-beating 3rd-quarter internet gain as need for cellular networks and community infrastructure remained potent and supply-chain constraints eased.
Nokia
NOK,
NOKIA,
reported it even now expects to deliver net revenue progress in mobile networks on a continuous-currency foundation in 2022 immediately after potent gross sales growth in North The usa during the quarter, even though revenue in Europe, Latin The usa and Higher China also grew.
Similar net income for the quarter rose to 550 million euros ($537.6 million) from EUR454 million a yr earlier as profits rose 16% to EUR6.24 billion, it mentioned.
Analysts polled by FactSet had predicted similar internet profit of EUR510 million on profits of EUR6.05 billion.
On a noted basis, Nokia posted a internet gain of EUR427 million from EUR342 million a 12 months previously.
Nokia lifted complete-12 months gross sales guidance to in between EUR23.9 billion and EUR25.1 billion from EUR23.5 billion and EUR24.7 billion, modified for forex. It however sees the total-yr similar running margin at 11%-13.5%.
“While threats all over timing of remarkable discounts in Nokia Systems stay, assuming these near we continue monitoring in direction of the large-finish of our net product sales advice for 2022 and in the direction of the mid-position of our functioning margin advice,” Main Executive Pekka Lundmark explained.
Generate to Dominic Chopping at dominic.chopping@wsj.com
