Nokia Shares Fall After Margins Miss Estimates on Competition
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Nokia Oyj reported profitability for its networks business that missed analysts’ estimates, underscoring the pressure from rivals such as Huawei Technologies Co. as phone-equipment makers compete for contracts from carriers. The stock slumped.
The adjusted operating margin at the networks unit narrowed to 3.2 percent from 9.3 percent a year earlier, trailing the 8.6 percent predicted by Nordea Bank AB. Revenue rose 20 percent to