Nokia's shares down at six-month low level

Finnish Nokia's shares plunged to the lowest level in six months after it failed to supply 5G telecoms equipment in time. The company’s core networks business generated a loss of EUR 254 million during the first quarter. In Q1 2018 Nokia reported a profit of EUR 46 million.

Nokia said a failure to book about EUR 200 million of net sales related to 5G in North America weighed on its Q1 results. It expects to reach this goal in 2019.

(Business Insider)