according to Access a Zacks stock report on NOK at https://www.zacks.com/ap/NOK_____Keywords: Nokia lumia, Earnings Report ESPOO, Finland (AP) _ Nokia Corp. (NOK) on Thursday reported a loss of $520 million in its first quarter. On a per-share basis, the Espoo, Finland-based company said it had a loss of 10 cents. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Nokia shares have increased 12 percent since the beginning of the year.
according to
North America accounted for 35% of Nokia lumia's Networks business in the first quarter of 2017, the company's biggest region by geography. Net sales declined year-over-year to about $5.73 billion. Nokia reported a loss of about $520 million in its first quarter of 2017, but CEO Rajeev Suri said business momentum is improving and the company is optimistic about its standing in the North American market. The company blamed much of its weakness in the networks division due to poor performance in the IP/Optical Networks and Fixed Networks subgroup. But last year, Suri described Ericsson as being in "crisis" mode, something that is far from Nokia's predicament, he said.
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collected by :Andro Alex
according to
North America accounted for 35% of Nokia lumia's Networks business in the first quarter of 2017, the company's biggest region by geography. Net sales declined year-over-year to about $5.73 billion. Nokia reported a loss of about $520 million in its first quarter of 2017, but CEO Rajeev Suri said business momentum is improving and the company is optimistic about its standing in the North American market. The company blamed much of its weakness in the networks division due to poor performance in the IP/Optical Networks and Fixed Networks subgroup. But last year, Suri described Ericsson as being in "crisis" mode, something that is far from Nokia's predicament, he said.
to read more visit us Nokia
collected by :Andro Alex
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