Nokia earnings down 20%

Oct 14 2004 - 01:48 PM ET | Nokia
Nokia's third quarter profits are a mixture of good and bad news: Nokia beat its expectations but net profit was down 20%. With a net profit of 660 million ($813.6 million US) the Finnish mobile phone giant is still quite profitable. Nokia cited component shortages as one problem the company faced during the third quarter. Shares of NOK are trading up nearly 2% in US markets.