Nokia (NOK) Reports Q3 EPS of EUR0.08; Announces EUR 7B Capital Structure Optimization Program

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Go back to Nokia (NOK) Reports Q3 EPS of EUR0.08; Announces EUR 7B Capital Structure Optimization Program

Nokia beats estimates and returns cash, Alcatel deal on track

October 29, 2015 2:28 AM EDT

By Jussi Rosendahl and Leila Abboud

HELSINKI/PARIS (Reuters) - Finnish network equipment maker Nokia reported stronger-than-expected quarterly profits as growth in China offset weaker demand in other key markets, and said it would return money to shareholders after acquiring Alcatel-Lucent .

The company said on Thursday it was on track to complete the proposed 15.6 billion euro ($17 billion) takeover of its French rival in the first quarter of next year after securing regulatory approvals, and also brought forward its 900 million euro cost-saving target for that deal by a year to 2018.

The tie-up will... More