Nokia warns margins to stay under pressure in first half, as profit disappoints
Nokia Corp. on Thursday posted a lower-than-expected first-quarter net profit and cautioned that it is seeing some early signs of the economic environment impacting customer spending.
The Finnish telecommunications company NOKIA, -1.71% NOK, -0.86% said its mobile networks unit delivered 13% sales growth in the quarter, while margins declined due to changes in regional mix. Margins are expected to remain under pressure in the first half of the year before then improving in the second half, it said.
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