Nokia today posted profits at the high end of market expectations as demand for its new phones countered weak markets.
Nokia, a bellwether technology stock, announced a 16 per cent rise in net profit in the third quarter of the year.
Net profit at the world's largest mobile phone maker increased to €881 million from €760 million the year earlier. However, this figure did not count €306 million in one-off charges linked to failed German telecoms operator Mobilcom, and €54 million of goodwill amortisation.
The company said it expected fourth-quarter earnings to be roughly flat year-on-year.
It said it expected pro forma earnings per share of €0.23-€0.25 and net sales of €8.9 billion to €9.2 billion for the fourth quarter.
It posted July-September pro forma earning per share of €0.18 - higher than the median of estimates in a Reuters poll of analysts and beating the company's own forecast of €0.15 to €0.17.