Nokia reports Q1 comparable EPS EUR 0.03 vs. EUR 0.09 last year

Reports Q1 revenue EUR 4.39B vs. EUR 4.44B last year. The company said, “Our first quarter financial performance saw a net sales decline of 3%. However, excluding the catch-up element of licensing deals signed in the prior year, sales grew 7%. Our operating margin declined year-on-year due to the challenging prior year comparison in Nokia (NOK) Technologies and a one-time charge in Mobile Networks, while profitability improved in both Network Infrastructure and Cloud and Network Services.”