Nokia cuts profit outlook citing tough competition

HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned its 2019 and 2020 profits would be weaker than it had expected, citing tough competition and additional investments, though third-quarter were in-line with expectations.Nokia said it now sees 2019 underlying earnings per share at 0.18 to 0.24 euros and 2020 EPS at 0.20 to 0.30 euros. It had earlier forecast 2019 earnings per share at 0.25 to 0.29 euros, and 2020 EPS of 0.37 to 0.42 euros. Nokia reported an expected slip..