Nokia Reports Upbeat Q1 Earnings; Shares Rise

Nokia Corp

reported its Q1 profit attributable to equity holders of the parent at 344 million euros ($504 million), or 9 European cents share. Nokia's adjusted earnings came in at $0.13 per share, down from $0.14 per share, in the year-earlier period. However, analysts expected earnings of $0.09 per share. The company's sales increased 9% to 10.4 billion euros. The number of handsets shipped increased 1% y/y to 108.5 million units. NOK shares gained 4.54% to $8.98 in pre-market trading. Read more