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Daily Digit: Nokia Shares Up on Outlook

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Daily Digit: Nokia Shares Up on Outlook
AIRED:
Six per cent is today's daily digit in Europe - the amount Nokia shares rose after a positive forecast for its telecom equipment unit. Nokia Solutions and Networks is expecting a profit margin of around 12% in the fourth quarter compared to 8.4% in the third. NSN will be the Finnish company's main business after the sale of its phones division to Microsoft. While its third-quarter operating profit was down 33% on a year earlier there was also slow but steady growth in Lumia smartphone sales.moreless

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