Nokia's Q3 profits beat forecasts
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Robust demand for new cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher.
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Flogging cheap mobiles is easy Nokia's swallowed an estimated 39 per cent of the global mobile phone market in its third quarter, sending profits rocketing 85 per cent.â¦
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The promise of a buyback, not the latest earnings report, is holding up Nokia's value.
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Norwegian telecommunications operator Telenor on posted a rise in profits in the third quarter as its international mobile telephony operations once again boosted earnings.
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Nokia, the world's largest mobile phone maker, reported lower third-quarter earnings on Thursday after cutting handset prices to win back market share but said sales volumes were strong as it moves into the key year-end shopping season.
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The Swedish-Finnish telecommunications operator TeliaSonera reported a record profit in the third quarter despite stagnant sales as associated companies posted a tripling of income.
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Nokia , the world's top cellphone maker, reported a 57 percent rise in earnings per share from October to December, with booming demand in emerging markets boosting its global market share to 40 percent.
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Nextel Communications, the nation&#39;s fifth-largest wireless provider, said yesterday that its profit jumped 69 percent in the third quarter from the period last year.
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Nokia OYJ reported a 20 percent drop in third-quarter profits on Thursday, citing disappointing mobile phone sales that will likely put a damper on fourth-quarter results as well.
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Plus: Phone sales boost Nokia profits past forecasts...eBay posts large quarterly loss on Skype write-down...IBM services buoy earnings...Yahoo net profit falls...Samsung posts strong quarter.
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Mobile phone maker Sony Ericsson today reported that it had more than trebled third quarter pre-tax profits, but the market leader, Nokia, reported a 20% fall.
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Western Wireless Corp., an operator of wireless services, on Monday said it swung a third-quarter profit but missed Wall Street expectations after taking hefty charges during the period.
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Third-quarter profit, helped by sales of jet fighters and electronic warfare systems, beat Wall Street expectations, but the companyâs forecast for next year was slightly below analystsâ estimates.
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The world's top handset maker Nokia  will reveal strong fourth-quarter earnings fueled by bumper  Christmas demand, but sales will have been curbed by the rise  of the euro versus the dollar, analysts said.
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Qualcomm Inc  posted an 18 percent rise in quarterly profit and gave an outlook that matched analyst estimates, driving its shares up more than 7 percent on relief the weak U.S. economy was not hurting demand for its mobile phone chips.
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Motorola Inc  on Thursday posted third-quarter earnings above Wall Street estimates and forecast a profit for the fourth quarter, raising expectations the mobile handset maker had begun to turn its business around.
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Nokia, the world's leading mobile phone maker, announced soaring fourth quarter and full-year 2007 earnings Thursday boosted by strong handset sales.