Nokia's Q3 profits beat forecasts
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Robust demand for 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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Finnish mobile phone giant Nokia posted better-than-expected third quarter results, possibly marking a turnaround after failing to pick up on the popularity of clamshell phones, and predicted overall growth in global handset sales this year.
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The mobile phone giant says its next results will now be better than expected, thanks to a boost in handset sales.
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Nokia has announced its third quarter results, beating expectations and growing market share, but showing a decline in revenues from mobile phones after a price cuts pushed through in the previous quarter.
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ADC Telecommunications Inc.  posted a sharp increase in quarterly profit on Wednesday, beating expectations, and gave a forecast that topped current estimates, sending shares 3 percent higher.
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In the three months to September, Nokia gained market share for a second consecutive quarter, helped by price cuts and new handsets.
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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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Nokia, the world's biggest cell phone  maker, reported lower third-quarter earnings on Thursday after  cutting prices to claw back market share, but said sales were  strong as it enters the key Christmas season.
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LONDON, October 14  - Sony Ericsson posted robust profit growth for 3Q04, with the company&#39;s quarterly pre-tax profits more than tripling from the one year ago levels.
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Nokia said that it had extended its dominant share of the global mobile phone market to a record 40 percent in the fourth quarter as profit surged 44 percent on rising sales.
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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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Despite a dip in profits, growing revenues from wireless subscribers pushed overall profits above forecasts.
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The promise of a buyback, not the latest earnings report, is holding up Nokia's value.
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Nokia made less money per mobile phone in the third quarter, but profits increased because it sold a lot more phones, the company says.
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Nokia Corp. increased its global market share of mobile phone handsets for a second successive quarter, reaching 30.9 percent with sales of 51.7 million units, market researcher Gartner Inc.
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Nokia Oyj, the world&#39;s largest mobile- phone maker, said profit may drop for a second straight quarter. Earnings fell 20 percent in the three months ended in September because the company cut prices to regain market share.
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The Finnish mobile phone giant says its next results will now be better than expected, thanks to a boost in handset sales.