Nokia (NOK) reported Q2 comparable earnings Thursday of 0.04 euros ($0.047) per diluted share, down from 0.06 euros a year earlier.

Analysts polled by FactSet expected 0.05 euros.

Net sales for the quarter ended June 30 were 4.55 billion euros, compared with 4.47 billion euros a year earlier.

Analysts surveyed by FactSet expected 4.72 billion euros.

For 2025, the company lowered its comparable operating profit outlook of 1.6 billion euros to 2.1 billion euros from its prior range of 1.9 billion euros to 2.4 billion euros.

Analysts surveyed by FactSet expected 1.58 billion euros.