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Nokia losses widen, sees no improvement in Q3

Thursday 19 July 2012 | 12:06 CET | News
Nokia's losses continued to grow in the second quarter, and the handset maker expects a similar picture in Q3 as it works to regain market share in the important smartphone segment. The company's revenues tumbled 19 percent from a year earlier to EUR 7.542 billion, and the adjusted operating result moved to a loss of EUR 327 million, versus a profit of EUR 391 million a year ago. The net loss widened to EUR 0.38 per share, from EUR 0.10 last year. At the main Devices & Services division, revenues were down 26 percent year-on-year and 5 percent from Q1 to EUR 4.023 billion. In line with its

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Categories: Mobile & Wireless
Companies: Nokia
Countries: World
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