Nokia (NOK) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

Net Income Revenues Net sales from Network Infrastructure totaled €1.52 billion ($1.64 billion), down from €1.7 billion in the yearago quarter. The top line missed our revenue estimate of €1.92 billion. At cc, IP Networks recorded a 6% decline year over year, owing to weakness in Europe, Greater China and Latin America region. Nokia Technologies contributed €356 million ($383 million) compared with €334 million in the year-ago quarter. Net sales increased 7% on a reported basis and 5% at cc. The uptick was ...