Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a weaker India market.

Nokia has reported that Q3 net sales declined 8 per cent YoY to €4.33 billion as growth in Network Infrastructure and Nokia Technologies was offset by decline

Nokia's stock took a hit today, dropping nearly 7% after releasing its Q3 2024 earnings. The company's net sales fell by 7% year-over-year in constant currency, primarily driven b