Reported about 8 hours ago
Nokia reported a third-quarter profit exceeding market expectations, fueled by strong demand for optical technologies and AI-enabled cloud services, following its acquisition of Infinera. The company's shares rose significantly as optical network sales increased by 19%, contributing to a 12% rise in overall net sales. Despite challenges such as U.S. tariffs and market slowdowns, Nokia remains optimistic about future growth, anticipating annual operating profits between 1.7 and 2.2 billion euros.
Source: YAHOO