Nokia Q3 profit beats expectation, sees signs of recovery

A view shows Nokia headquarters in Espoo, Finland, October 19, 2023. JUSSI NUKARI/Lehtikuva/via REUTERS/ File Photo

STOCKHOLM: Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and echoed rival Ericsson in seeing demand recovery in some areas.

"I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness," Chief Executive Officer Pekka Lundmark said in a statement.