Friday, April 20, 2012

Lots Of Pain, No Gain: Nokia Reports $4B Drop In Q1 Sales To $9.7B, Blames Restructuring, Competition

Nokia-LogoNokia warned us last week that it would be reporting some worse-than-expected numbers, and here they are: sales down by $4 billion (€3.4 billion) to $9.7 billion (€7.4 billion), with a corresponding fall in earnings per share, down by a quarter of a euro and now at a loss per share of just over $0.10 (€0.08).

Source: http://techcrunch.com/2012/04/19/lots-of-pain-no-gain-nokia-reports-4b-drop-in-q1-sales-to-9-7b-blames-restructuring-and-competition/

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