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Nokia’s third quarter profit beats expectation -Breaking

by Mike Robinson

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© Reuters.

HELSINKI (Reuters) – Telecom equipment maker Nokia (NYSE:) reported stronger-than-expected third-quarter operating profits on Thursday as development investments, strategy updates and cost cuts continued to drive a turnaround in the business.

Comparable operating profit in July and September rose from 486 millions to 633million euros last year. This beats the average forecast of 11 analysts by Refinitiv at 488 million.

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