Nokia beats estimates and returns cash, Alcatel deal on track

October 29, 2015 publisher also-reported, angela-moon, chinese, halloween, jussi-rosendahl, leila-abboud, margot-robbie, nokia, offset-weaker, said-on-friday, suicide-squad, sweden, vault-the-new

By Jussi Rosendahl and Leila Abboud HELSINKI/PARIS (Reuters) – Finnish network equipment maker Nokia reported stronger-than-expected quarterly profits as growth in China offset weaker demand in other key markets, and said it would return money to shareholders after acquiring Alcatel-Lucent . The tie-up will vault the new company into a stronger position to compete with Sweden's Ericsson and low-cost Chinese player Huawei [HWT.UL], in a market for telecom network gear where little growth and tough competition are pressing down prices

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Nokia beats estimates and returns cash, Alcatel deal on track