Nokia 3Q profit beats expectations despite chip shortage
https://apnews.com/65855985e0e25ba50fe7b892a21ea33b
HELSINKI (AP) — Wireless and fixed network equipment maker Nokia on Thursday reported third-quarter profit above analyst expectations on increasing sales of 5G technology and trimmed costs, but the company warned that the global shortage of semiconductors made the market outlook foggy and could hamper growth.
The Espoo, Finland-based company reported net profit of 463 million euros ($537 million) for the July-September period in comparison to 305 million euros a year earlier. Sales were up 2% at 5.4 billion euros.
Nokia 3Q profit beats expectations despite chip shortage
Oct 28, 2021, 9:22am UTC
https://apnews.com/65855985e0e25ba50fe7b892a21ea33b
> HELSINKI (AP) — Wireless and fixed network equipment maker Nokia on Thursday reported third-quarter profit above analyst expectations on increasing sales of 5G technology and trimmed costs, but the company warned that the global shortage of semiconductors made the market outlook foggy and could hamper growth.
> The Espoo, Finland-based company reported net profit of 463 million euros ($537 million) for the July-September period in comparison to 305 million euros a year earlier. Sales were up 2% at 5.4 billion euros.