Nokia posts surprise quarterly profit rise on cost cuts

Finnish telecom network equipment maker Nokia reported on Thursday a surprise rise in October-December underlying profit, driven by cost cuts, and said most of its 2020 profit will be generated in the fourth quarter. Nokia said October-December underlying earnings rose to 0.15 euros per share from 0.13 euros per share a year ago, beating the 0.13 euros consensus in a Refinitiv poll. Nokia repeated its forecast for 2020 underlying earnings per share of 0.20 euros to 0.30 euros. …read more

Source:: Yahoo Finance

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