Nokia in Q3 loss, sales drop amid networks downturn
Helsinki, Oct 27 : Mobile networks operator nokia/" target="_blank">nokia/" target="_blank">Nokia continued to be hit by a downturn in the industry, reporting a loss in the third quarter and a 12-percent drop in sales that saw the company's share price plunge 7 per cent.As it struggles against tough competition, the Finland-based company today reported a net loss of 125 million euros (USD 136 million), down from a profit a year earlier, on sales of 5.9 billion euros.Last year's third-quarter result showed a Nokia stand-alone profit of 152 million euros on sales of 3 billion euros.
Nokia reports Q3 loss, 12% sales drop
Associated Pressnokia/" target="_blank">nokia/" target="_blank">Nokia has reported a net loss in the third quarter and a 12 per cent drop in sales amid a downturn in the networks industry.The Finnish telecommunications and wireless equipment maker says the net loss was 125 million euros ($A178 million) on sales of 5.9 billion euros in the period.A year earlier the company reported a stand-alone profit of 152 million euros on sales of three billion euros.
Nokia sales drop as wireless carriers curb network spending
nokia/" target="_blank">nokia/" target="_blank">Nokia sales drop as wireless carriers curb network spendingNokia and rivals such as Sweden's Ericsson AB are suffering as wireless carriers limit network expenditures after completing the latest investment cycle.― Reuters picSTOCKHOLM, Oct 27 — Nokia Oyj reported a 6 per cent decline in sales and warned that waning demand for wireless-network equipment will continue to weigh on revenue this quarter.The stock slumped.
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