Nokia reported Q2 18 results below expectations including an operating profit of €334m (-42% yoy), and missed the €373m consensus but reiterated FY18 guidance. In its Networks business, Nokia expects improving market conditions in the second half of 2018, with particular acceleration in the fourth quarter in North America because of 5G deployment. Nokia also confirmed its guidance and target to deliver €1.2bn of recurring annual cost savings in full-year 2018.
26 Jul 2018
A weak Q2 puts FY18 guidance now at risk
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A weak Q2 puts FY18 guidance now at risk
Nokia Oyj (NOKI:WBO) | 0 0 1.8% | Mkt Cap: 27,194m
- Published:
26 Jul 2018 -
Author:
Lionel Pellicer -
Pages:
2
Nokia reported Q2 18 results below expectations including an operating profit of €334m (-42% yoy), and missed the €373m consensus but reiterated FY18 guidance. In its Networks business, Nokia expects improving market conditions in the second half of 2018, with particular acceleration in the fourth quarter in North America because of 5G deployment. Nokia also confirmed its guidance and target to deliver €1.2bn of recurring annual cost savings in full-year 2018.