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Has Nokia's Turnaround Finally Begun?

TheMotleyFool

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Nokia's (NYSE: NOK) stock recently rallied after the Finnish telecom equipment maker's first-quarter numbers beat analysts' expectations. Its revenue rose 3% year over year to 5.08 billion euros ($6.1 billion), beating estimates by 360 million euros. Its revenue also grew 9% in constant-currency terms.

Its gross and operating margins expanded, its comparable net profit jumped from 33 million euros to 375 million euros ($451 million), and its adjusted EPS of 0.07 euros cleared estimates by 0.06 euros.

Do those growth rates indicate that Nokia, which fumbled its 5G expansion over the past few years, is finally turning a corner?

Source Fool.com

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