Nokia Q3 Profit Beats Views on AI Demand
Nokia reported a larger than expected increase in third quarter operating profit and net sales driven by booming artificial intelligence demand. The Finnish telecom firm maintained its full-year financial outlook as cloud growth accelerated.
Xurve View
Insights:
Xurve View
NOKIA OYJ posted a third-quarter comparable operating profit of 605 million euros ($680.20M), beating the average estimate of 453 million euros. The result highlights accelerating momentum for the Finland-based telecom equipment maker amid surging artificial intelligence demand. Comparable net sales rose 10% to 5.15 billion euros, surpassing the 5.05 billion euro consensus and reinforcing the company's full-year financial outlook.
