Nokia shares plunge on weak Q1 2018 numbers

Finnish networking vendor Nokia had a disappointing Q1, with profits sinking year-on-year, resulting in a 7% share price decline at time of writing.
Revenues at Nokia’s core networks business declined 12% YoY, but were only down 3% once its accountants had finished working their currency magic. The problem was that only yielded an operating margin of 4.8%, down from 6.3% a year ago, resulting in a YoY operating profit plunge of 87% for networks. Total group operating profit fell well short