Nokia shares rise to the occasion

NEWS Nokia shares rose this morning after the company met profitability targets for the third quarter. Revenue and profit were down from the period a year ago, but shares were up, rising 5.01 per cent on the Stockholm exchange. Nokia reported revenue of E7,050m (£4,402m) for the quarter, a decrease of seven per cent on last year Pre tax profit was E1,068m (£666,978) or E0.16 (£0.09) per share, down from E0.19 (£0.11) per share a year ago. When expenses and one-time charges were accounted for, reported profit dropped to E168m (£104m) or E0.04 (£0.02) a share.