Nokia Rises On Profit Beat, China Growth, Even As North America Struggles

Following a lackluster Q1 and a relatively better Q2, the company reported its Networks operating margins at 13.6%, beating analysts' expectations of 10.2%. While the year over year (y-o-y) improvement in margins was just 10 basis points, the sequential improvement was over 2 percentage points, thanks to an improvement in mobile broadband gross profit rate (non-IFRS) and lower operating expenses. Even after reporting Networks' operating margins of just 3.2% in Q1, Nokia was confident about meeti...