STOCKHOLM (Reuters) – Finnish telecom equipment supplier Nokia on Thursday reported a 27% drop in fourth-quarter operating profit, hurt by lower demand for 5G gear across North America and a slowdown in markets such as India.
Comparable earnings before interest and tax (EBIT) fell to 846 million euros ($920.19 million) from 1.15 billion euros a year earlier, beating the 767.5 million euros expected by analysts in an LSEG poll.
($1 = 0.9194 euros)
(Reporting by Supantha Mukherjee and Olivier Sorgho; Editing by Terje Solsvik)
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