04:08 AM EDT, 07/18/2024 (MT Newswires) -- Nokia ( NOK ) reported Q2 comparable earnings Thursday of 0.06 euro ($0.07) per diluted share, down from 0.07 euro a year earlier.

Analysts polled by Capital IQ expected 0.05 euro.

Net sales for the quarter ended June 30 were 4.47 billion euros, down from 5.44 billion euros a year earlier.

Analysts surveyed by Capital IQ expected 4.73 billion euros.

The company maintained its 2024 comparable operating profit outlook of 2.3 billion euros to 2.9 billion euros.

The telecommunications equipment provider also lowered its quarterly dividend to 0.03 euro per share, from the previous 0.04 euro, payable Aug. 1 to shareholders of record as of July 23.

Nokia ( NOK ) was down more than 7% in recent premarket trading activity Thursday.

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