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Nokia Q3 profits surpass forecasts
Finnish company Nokia announced an increase in its operating profits for the third quarter of 2026, reaching 605 million euros, surpassing analysts' expectations of 453 million euros. Net sales increased by 10% to 5.2 billion euros, supported by strong demand from the artificial intelligence and cloud computing sectors. The company also announced an expansion of its restructuring program, which will cost approximately 1.1 billion euros this year, up from previous forecasts. Nokia expects to achieve cost savings of 200 million euros upon the completion of its merger with Infinera by the end of 2026, with a potential growth of 30% in its optical and IP networking divisions in 2027. The company faces challenges related to component supply and pricing but is moving toward collaboration with Nvidia to develop more advanced network equipment. The company's shares closed at 8.23 euros, recording gains of nearly 50% since the start of the year.
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