Nokia's second-quarter earnings report revealed a significant 32% drop in profit, with earnings per share (EPS) at EUR 0.06, surpassing analyst expectations of EUR 0.01. However, the company's revenue fell to EUR 4.47 billion, missing estimates of EUR 5.18 billion and representing an 18% decline year-over-year in constant currency. The disappointing sales figures have led Nokia to cut its sales guidance amid ongoing market uncertainty, particularly in the 5G equipment sector, which has been hindered by low investment in mobile network upgrades. Despite these challenges, Nokia's CEO expressed optimism for a potential recovery in the second half of the year.