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Nokia Sees Improved Q3 Profit
Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market
Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a weaker India market.
Nokia reports Q3 profit increase despite sales decline
HELSINKI, Oct. 17 (Xinhua) -- Finnish telecommunications company Nokia reported a comparable operating profit increase of 9 percent, rising to 454 million euros (491.5 U.S. dollars) in the third quarter of this year, while net sales dropped 8 percent year-over-year to 4.33 billion euros.
Nokia Q3 profit rises, sales dip 8% mainly due weaker India market
Wireless and fixed-network equipment maker Nokia on Thursday reported better-than-expected third quarter earnings, mainly on the back of cost-cutting measures, but saw its sales dive 8 per cent largely due to a weaker India market.
1d
on MSN
Exclusive-Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say
Finland's Nokia is in talks with Bharti Airtel about securing a multi-billion dollar contract to provide 5G telecom equipment ...
devdiscourse
3h
Nokia Defies Challenges: Cost-Cutting Boosts Q3 Earnings Amid Sales Slump
Nokia reported a 22% increase in third-quarter net profit, despite suffering an 8% drop in sales primarily due to a weaker ...
6h
Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound
Nokia reported a 7% decline in net sales and missed analyst estimates. Comparable EPS was lower, but net income increased.
7h
Nokia and Bharti Airtel in talks for multi-billion dollar 5G equipment deal: Details here
This possible collaboration between Nokia and Airtel highlights the competitive landscape in India's telecom sector, as ...
3h
Nokia Shares Plunge 7% Amid Q3 Earnings Report
Nokia's stock took a hit today, dropping nearly 7% after releasing its Q3 2024 earnings. The company's net sales fell by 7% ...
11h
Nokia India net sales fall strongly by 44% in 3Q24 as Jio, Airtel’s 5G deployments slow down
India net sales saw a strong decline, as 5G deployments remained elevated in the year-ago quarter. Elsewhere in APAC, Greater ...
23h
What's Going On With Nokia Stock?
Nokia shares are trading flat Wednesday afternoon. Investors are watching for Thursday's Q3 earnings and reports of exclusive ...
8h
on MSN
Nokia reports 22% increase in Q3 net profit despite 8% sales decline
Nokia reported a 22% rise in third-quarter net profit to 358 million euros despite an 8% decline in sales due to a weaker ...
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