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Nokia Q3 Profit Beats Estimates, Driven by Data Center Demand

Bloomberg ·

NOK Nokia Corp ADR
$9.25 +2.55%
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  1. 1Nokia's adjusted operating profit of 605 million euros for the period exceeded the Bloomberg analyst average estimate of 454 million euros.
  2. 2Nokia expects to support double-digit growth in operating profit over the next few years.
  3. 3Nokia's stock price has recorded a rise of approximately 50% this year.

So what's the key point?

Nokia reported higher operating profits than experts expected. Profits are expected to increase by double digits over the coming years.

Source Bloomberg · View original ↗

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