Monday, September 12, 2005

Nokia Ups its Third-Quarter 2005 Sales and EPS Guidance

Nokia raised its financial guidance for Q3 and now expects net sales to be in the range of EUR 8.4 billion - EUR 8.5 billion compared to the previous guidance of EUR 7.9 billion - EUR 8.2 billion. This is due to stronger than expected mobile device volumes and relatively firm prices during the quarter. Management also expects Nokia mobile device volumes to grow somewhat faster than the overall market during the quarter.

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