HELSINKI: Finland's Nokia beat market expectations as it reported strong third quarter profit growth and lifted the profitability outlook for its core network gear unit on the back of large network roll-outs in North America and China.
Nokia shares rose 5.3% to €6.85 by 0830 GMT, underscoring investors' positive view of the transformation of the company from a struggling mobile handset-maker, the consumer-focused business it sold to Microsoft six months ago, into a pure play network-equipment maker.
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