HELSINKI (Reuters) - Nokia's
Thursday's trading update was a rare spot of good news for the Finnish handset maker that has been losing market share to Samsung <005930.KS> and Apple
The company said that its results were also helped by 50 million euros in patent fees, improved cost management and a better than expected performance from its Nokia Siemens Networks unit.
It estimated fourth-quarter operating margin in its mobile phone business was between break-even to 2 percent. It previously forecast the margin to be around minus 6 percent.
However, the company said that the competitive environment remains tough and forecast the margin to be minus 2 percent in the first quarter of this year.
Fourth-quarter net sales in devices and services were about 3.9 billion euros. It sold a total of 86.3 million devices. Smartphones accounted for 6.6 million units, of which 4.4 million were the Windows-based Lumia handsets.
Nokia shares surged 13 percent to 3.40 euros by 1338 GMT.
(Reporting by Ritsuko Ando; Editing by David Goodman)