Instant view: Nokia posts surprise Q3 profit

Reuters

Nokia

Nokia reported third quarter underlying earnings per share of 0.03 euros, compared with a loss of 0.01 euros in a Reuters poll of analysts and a profit of 0.14 euros a year ago.

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The following are analysts reactions to the news.

MIKAEL RAUTANEN, INDERES

"Dual SIM phones saved the quarterly profit, volumes were clearly above expectations. It is also positive that it seems they managed to stop the smart phone collapse."

"An important message was that the devices unit operating profit remains positive through the fourth quarter."

THOMAS LANGER, WEST LB

"It's pretty much in line with what we had expected, also regarding Q4."

"I think that it's maybe a stronger finish to the year than some expected, but the real test will happen during 2012. And this is the reason why we remain skeptics of the stock. I think investors are falling into a valuation trap."

GEOFF BLABER, CCS INSIGHT:

(Compiled by Stockholm newsroom)

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