Nokia Soars on First-Quarter Earnings Beat
Nokia ( NOK) - Get Report was surging Thursday after the telecom-equipment provider beat Wall Street's first-quarter earnings expectations. Shares of the Finnish company were climbing 13.7% on Thursday. Revenue increased 3% to €5.08 billion ($6.16 billion), beating analysts' expectations of $4.74 billion. Net profit totaled $451.5 million, or about 7 cents a share, beating analysts' consensus estimates of 1 cent a share. Chief Executive Pekka Lundmark said in a statement that he was "particularly pleased by strong sales growth across our Network Infrastructure business group." Lundmark ...