Nokia 4th Quarter Profit Beats Expectations on Back of Robust Demand

Nokia 4th Quarter Profit Beats Expectations on Back of Robust Demand
The Nokia logo is displayed at the Mobile World Congress (MWC) in Barcelona, Spain, on Feb. 25, 2019. Gabriel Bouys/AFP via Getty Images
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HELSINKI—Wireless and fixed-network equipment maker Nokia on Thursday reported strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio.

The Espoo, Finland-based company reported net profit of 929 million euros ($1 billion) for the October–December period, up 27 percent from 731 million euros a year earlier.