Nokia: delivers 'strong' second quarter, driven by 5G
Contrary to the last article, Nokia shares are up sharply in Euronext Paris after the group published its quarterly results.
Here is a corrected version of the story:
(CercleFinance.com) - Nokia said on Thursday that it has delivered a "strong" second quarter, driven by 5G demand, with the group confirming its full-year 2019 guidance, sending its shares up sharply.
The Finnish telecoms gear maker announced net sales of 5.7 billion euros in the past quarter, compared to 5.3 billion euros in the second quarter of 2018, up 5% on a constant currency basis.
Non-IFRS diluted EPS rose to 0.05 euro, compared to 0.03 euro in the same period a year ago.
The company maintained its full year 2019 guidance, expecting a "particularly strong" fourth quarter after the "particularly weak" first quarter.
Nokia still expects non-IFRS diluted EPS of between 0.25 euro and 0.29 euro this year.
The stock was up almost 6% on Euronext after these results.
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