ESPOO, Finland (AP) — ESPOO, Finland (AP) — Nokia Corp. (NOK) on Thursday reported first-quarter profit of $471.2 million.
The Espoo, Finland-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The technology company posted revenue of $5.07 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $5.19 billion.
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