Nokia Earnings Beat Estimates as AI Pivot Shows Promise

Nokia Oyj reported first-quarter adjusted profit that beat analyst forecasts, as the Finnish mobile network equipment maker’s push into artificial intelligence and cloud infrastructure begins to pay off.

Adjusted operating income was €281 million ($329 million) in the period, the Espoo, Finland-based company said in a statement on Thursday. That compares with an average analyst estimate of about €244 million, according to data compiled by Bloomberg.