Nokia shares closed nearly 7 percent higher on Tuesday after the company released its first financial results since announcing it was selling its handset division to Microsoft.
Operating profit came in at 118 million euros ($162 million) for the third quarter, compared to a loss of 564 million euros over the same period last year.
The Finnish mobile maker also narrowed its net loss to 104 million euros, against a 934 million euro loss in the third quarter of 2012.
There was also positive news for its Lumia smartphone range. Sales of its high-end devices continued to be strong, with a quarter-on-quarter rise in volumes of 19 percent to 8.8 million units. Volumes of its lower-end mobiles increased by 4 percent.
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Nokia Group's net sales came in at 5.7 billion euros ($7.85 billion) for the third quarter of 2013, flat on the previous quarter and 22 percent lower than in the same period last year.