Nokia Posts Q3 Net Income of $174.9 Million, Tops Wall Street Estimates

Nokia Corp. (NOK) on Thursday reported third-quarter net income of $174.9 million, or 3 cents per share, beating analyst forecasts. Adjusted for non-recurring costs and discontinued operations, earnings came in at 10 cents per share, exceeding the 8-cent average estimate from six analysts surveyed by Zacks Investment Research. The Espoo, Finland-based technology company posted revenue of $5.93 billion for the period, also surpassing Street forecasts of $5.8 billion.