Finnish network equipment maker Nokia reported on Thursday a better-than-expected quarterly profit, helped by cost cuts, and repeated its forecast for falling network sales in 2017.
Fourth-quarter group earnings before interest and taxes (EBIT) fell 27 per cent from a year ago to 940 million euros ($1.01 billion) due to drop in spending by telecom operators, but beat analysts' average forecast of 788 million euros in a Reuters poll.
Nokia said it expected sales at its networks unit to decline this year in line with its primary addressable market.
Reuters |
.jpg)
