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© Reuters. PHOTO FILE: A Nokia logo is seen at the company’s headquarters in Espoo, Finland, May 5, 2017. REUTERS / Ints Kalnins
STOCKHOLM (Reuters) – Telecom equipment maker Nokia (NYSE 🙂 reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints.
First-quarter comparable operating profit rose to 583 million euros ($ 613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by Refinitiv.
($ 1 = $ 0.9509)
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