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Nokia: Q3 Earnings Snapshot

Nokia: Q3 Earnings Snapshot

ESPOO, Finland (AP) — ESPOO, Finland (AP) — Nokia Corp. (NOK) on Thursday reported third-quarter net income of $151.3 million.

The Espoo, Finland-based company said it had profit of 2 cents per share. Earnings, adjusted for non-recurring costs, were 5 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The technology company posted revenue of $5.42 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $6.31 billion.