dailymobile Nokia Corporation, a Finnish multinational communications corporations – world’s largest maker of mobile phones, posted first-quarter net profit attributable to equity holders of 349 million euros ($465 million), or 9 European cents a share, up from 122 million euros, or 3 cents a share, earned in the year-earlier period this Thursday. (NOK 13.08, -1.87, -12.51%) (FI:NOK1V 11.28, -0.03, -0.27%) Excluding special items totalling 322 million euros, earnings came in at 14 cents a share compared to 10 cents a share a year earlier on adjusted basis. Sales increased from 3% to 9.52 billion euros. On a sequential basis they fell 21%. The consensus forecast was for earnings of 14 European cents a share on sales of 9.69 billion euros. At the core device and services division, sales climbed 8% to 6.66 billion euros. In the second quarter, Nokia forecast sales at its devices and services division in the range of 6.7 billion euros to 7.2 billion euros and an adjusted operating margin between 9% and 12%. Nokia shares fell 6% in Helsinki. Nokia’s First Quarter Profit is a post from: Daily World Buzz
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Nokia’s First Quarter Profit
