Nokia Shares Fall Over 10% to Six-Month Low After Q3 Results
Nokia beat third-quarter profit expectations, but shares fell over 10% to a six-month low as investors focused on negative cash flow, a larger restructuring bill and the CEO’s warning that network-building costs are rising structurally.
Nokia (NOK) beat third-quarter profit expectations on Thursday, but its stock fell to a six-month low as investors focused on negative cash flow, a larger restructuring bill and a warning from its chief executive that the cost of building networks is rising for good.NOK stock fell over 10% in morni…