Nokia sees big growth after proving its 5G potential

Bradley Prior

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Nokia sees big growth after proving its 5G potential

Nokia Oyj shares rose the most in 17 months after delivering an earnings beat that reassured investors the Finnish network-equipment vendor can capitalize on 5G.

The company kept its profit guidance for 2019 and 2020 unchanged after topping analysts’ estimates for the second quarter, signaling management confidence that sales of fifth-generation mobile gear will kick in after an early stumble caused by shipment delays. [Bloomberg]
 
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