Nokia's Profit Goes Up, Guidance Goes Down

Nokia's Profit Goes Up, Guidance Goes Down

Nokia (NYSE: NOK) reported its second-quarter results before the market opened on July 27. Revenue declined slightly, driven by a 5% drop in networks revenue, but a strong quarter for the technologies segment offset much of that decline and led to a surge in the bottom line. Nokia was forced to lower its guidance slightly for the full year, citing worsening market conditions, but it still expects to hit its cost-cutting goal by the end of 2018. Here's what investors need to know about Nokia's second-quarter results.

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Q2 2017

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Source: Fool.com