STOCKHOLM (Reuters) – Telecom equipment maker Nokia 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 euros)
(Reporting by Supantha Mukherjee in Stockholm; editing by Niklas Pollard)
