06:22 AM EDT, 04/18/2024 (MT Newswires) -- Nokia ( NOK ) reported Q1 adjusted earnings Thursday of 0.09 euros (about $0.10) per diluted share, up from 0.06 euros a year earlier.

Analysts polled by Capital IQ expected 0.08 euros.

Net sales for the quarter ended March 31 was 4.67 billion euros, down from 5.86 billion euros.

Analysts surveyed by Capital IQ expected 4.95 billion euros.

For full-year 2024, the company said it expects comparable operating profit of 2.3 billion euros to 2.9 billion euros.

Shares of the mobile communications and networking solutions company were up more than 2% in recent Thursday premarket activity.