Nokia exceeded forecasts on its rising demand

Telecom equipment and phone maker Nokia reported its sudden profit increase in Q2 on Thursday. It was supposed a higher demand as a reason for the company’s growth. The 2019 profit forecast was maintained. The company also reported its earning per share growth. In April-June this figure was at the level of 0,05 euros compared to an average forecast of 0,03 euros. Nokia’s representatives also reported its revenue increase by 7% to almost 5,7 bn euros in annual terms. The phone producer’s revenue exceeded the analysts’ expectations of 5,43 bn euros. 

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