financetom
Technology
financetom
/
Technology
/
Nokia's Q4 profit beats estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nokia's Q4 profit beats estimates
Jan 29, 2025 10:24 PM

STOCKHOLM (Reuters) -Finland's Nokia on Thursday reported a stronger than expected 38% rise in fourth-quarter adjusted operating profit helped by higher sales of telecom equipment to mobile operators in North America and India, and forecast an upbeat 2025.

Net sales rose 10% to 5.98 billion euros ($6.23 billion), beating estimates of 5.74 billion euros.

The company said sales at its network Infrastructure business rose 17% due to a strong recovery in demand from communication service providers, notably in North America.

"I am optimistic that the improving market trends we are now seeing will persist into 2025," CEO Pekka Lundmark said in a statement.

Nokia and its Nordic rival Ericsson have seen double-digit growth in North America due to a rebound in demand after years of weakness. Demand from Indian clients, which dropped significantly after rapid growth in 2023, is also recovering.

Comparable earnings before interest and tax rose to 1.14 billion euros, beating the 960 million euros expected by analysts in an LSEG poll.

Nokia set a full-year profit outlook of between 1.9 billion euros and 2.4 billion euros, compared with estimates of 2.13 billion euros.

($1 = 0.9597 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Thoma Bravo prepares $3 billion sale of software maker ABC Fitness, sources say
Thoma Bravo prepares $3 billion sale of software maker ABC Fitness, sources say
Aug 8, 2024
NEW YORK, Aug 8 (Reuters) - Thoma Bravo is preparing to explore options including a potential sale of ABC Fitness Solutions that could value the software provider for health clubs and gyms at about $3 billion including debt, according to people familiar with the matter. The technology focused buyout firm could kick off a sale process for ABC Fitness in...
Decoding Lumen Technologies's Options Activity: What's the Big Picture?
Decoding Lumen Technologies's Options Activity: What's the Big Picture?
Aug 8, 2024
Investors with a lot of money to spend have taken a bullish stance on Lumen Technologies ( LUMN ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this...
Berlin defence strategy eyes stakes in arms companies, report says
Berlin defence strategy eyes stakes in arms companies, report says
Aug 8, 2024
BERLIN, Aug 8 (Reuters) - The German government could take a stake in arms-makers and defence projects in strategic cases, according to a draft paper written by the economy and defence ministries, the Handelsblatt newspaper reported on Thursday. The proposal is part of a new strategy Berlin is developing to strengthen Germany's arms industry, Handelsblatt said, as Europe bolsters its...
What Analysts Are Saying About Fortinet Stock
What Analysts Are Saying About Fortinet Stock
Aug 8, 2024
In the preceding three months, 21 analysts have released ratings for Fortinet ( FTNT ) , presenting a wide array of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Copyright 2023-2025 - www.financetom.com All Rights Reserved