ESPOO, Finland (AP) — ESPOO, Finland (AP) — Nokia Corp. (NOK) on Thursday reported second-quarter profit of $108.9 million.
The Espoo, Finland-based company said it had profit of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The technology company posted revenue of $5.16 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $5.36 billion.
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