Nokia reports double-digit Q2 profit drop, expects better second half

Q: How long will it take to read this news story?

The story "Nokia reports double-digit Q2 profit drop, expects better second half" has 355 words across 12 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Nokia reports double-digit Q2 profit drop, expects better second half" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 255 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21673617</li><li>URL: https://beamstart.com/news/nokia-reports-double-digit-q2-17213011391965</li></ul>

Business Standard Logo Business Standard 5h ago

Nokia reports double-digit Q2 profit drop, expects better second half - Business Standard

Quick Summary:

Wireless and fixed-network equipment maker Nokia Thursday reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology.

The Espoo, Finland-based company reported a net profit of 328 million euros (USD 359 million) for the April-June period, down 20 per cent from 409 million euros (USD 447 million) a year earlier.

Similarly to its Nordic rival Ericsson of Sweden, Nokia has suffered in the past year from operators cutting back on investments into 5G and other telecom technology because of economic uncertainty and high financing costs.