Charles Platiau/Reuters
- Nokia posted its earnings results on Thursday, announcing better than expected numbers, and is seemingly on track to be profitable again in two years.
- Its revenue stream, mainly driven by the sales of network equipment, brought in a profit increase of about 7% to €1 billion ($ 1.2 billion/£842 million).
- The company has also given a long-term (three-year) guidance that includes plans to expand its 5G network operations.
Telecom network gear maker Nokia posted better-than-expected quarterly profits on Thursday and forecast a recovery in profits by 2020, encouraging investors spooked last year by a weakening equipment market and acquisition integration missteps.
Nokia shares rose 6.8% on the results which showed fourth-quarter group operating profit increasing 7% to €1 billion ($ 1.2 billion/£842 million), well ahead of a Reuters poll forecast of €888 million ($ 1.1 billion/£772 million).See the rest of the story at Business Insider
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