Nokia’s Third-Quarter Profit Jumps 35%, Beating Analyst Expectations
Finnish company Nokia is performing better than expected, according to its third-quarter interim report.
BusinessFinnish company Nokia is performing better than expected, according to its third-quarter interim report.
BusinessTelecommunications company Incoax Networks plunged by more than 50 percent in Monday's trading after news that Nokia was scrapping a venture into a joint offering.
BusinessFinnish telecoms manufacturer Nokia's shares are up more than 6 percent on the Stockholm Stock Exchange. The rise follows the publication of a report by brokerage house B Riley Securities recommending a buy of the stock.
BusinessThe Stockholm Stock Exchange fell on Thursday. Prices were pressured by the growing global AI boom and concerns about the effects of the oil price surge due to developments in the Middle East.
BusinessTelecom manufacturer Nokia reports an operating loss of 50 million euros for the second quarter of this year. This compares with a profit of 147 million euros in the corresponding quarter last year.
BusinessTelecom companies Ericsson and Nokia plummeted on the stock market after investment bank ABG Sundal Collier wrote in an analysis that U.S. chipmaker Nvidia is developing a chip that could eventually hit them. But, according to major bank JPMorgan, the price drop is unjustified.
TechnologyThe Stockholm Stock Exchange perked up after a sour start, but then lost steam again. At the close, the broad OMXS index fell 1.1 percent - with telecommunications manufacturer Ericsson as the biggest loser.
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