Nokia Raises Outlook, Shares Up
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Mobile phone maker Nokia raised its third-quarter sales and earnings forecasts on Thursday on the back of strong market demand, reversing a recent spate of grim outlooks and sending its share price higher.
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European equity markets moved to fresh five-and-a-half-year highs on Wednesday as oil stocks rallied, while techs were led by Nokia after research showed it had extended its market share in the third quarter.
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European shares pared losses after Finland&#39;s Nokia raised its third-quarter guidance due to strong demand for mobile phones. Nokia shares rose 8.7 percent to 11.
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Nokia, the world's top cellphone maker, reported a 57 percent rise in earnings per share in the October-to-December quarter, with booming demand in emerging markets boosting its global market share to 40 percent.
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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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Shares of Nokia  are likely to extend gains as the world's leading cell phone maker expands its share of the growing global market, financial newspaper Barron's reported in its September 17 edition.
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Nokia , the world's largest mobile phone maker, unveiled three new mobile handsets on Monday intended to boost its offering of mid-range phones and help lift its global market share.
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Nokia, the world&#39;s largest maker of mobile phones, continued to regain lost market share in the third quarter with its global share of handset sales again rising above 30 per cent
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Mobile phone sales were up 26 percent in the third quarter, with Nokia (NYSE: NOK) solidifying its position as the leading manufacturer, while Samsung leapfrogged past Motorola (NYSE: MOT) for second in the global rankings.
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Growth at Nokia Corp.&#39;s (NYSE: NOK - message board) Networks division continues to keep company net sales afloat, with the Finnish vendor today predicting healthy times ahead for the cellular infrastructure market.
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Nokia raised its earnings and revenue forecasts for the current quarter because of growing mobile phone sales, the first glimmer of good news in months for the besieged world leader in mobile phones.
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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 Corp. announced deals worth more than 2 billion euros ($2.5 billion) with Chinese customers on Tuesday, sending the company's shares up 3 percent.
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U.S. stocks are seen higher at the  open, buoyed by a positive outlook from Motorola Inc. MOT.N  and easing crude prices.
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European equities advanced on Monday,  supported by a recovery in drug heavyweights and a rise in  Finnish mobile handset giant Nokia, but volumes were light  before the Christmas holidays.
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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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Nokia, the world's leading mobile phone maker, announced soaring fourth quarter and full-year 2007 earnings Thursday boosted by strong handset sales.