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Nokia: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

ESPOO, Finland (AP) _ Nokia Corp. (NOK) on Thursday reported a loss of $129.1 million in its first quarter.

On a per-share basis, the Espoo, Finland-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 1 cent per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.

The technology company posted revenue of $5.42 billion in the period.

Nokia expects full-year earnings in the range of 20 cents to 31 cents per share.

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The company's shares closed at $3.52. A year ago, they were trading at $5.32.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOK at https://www.zacks.com/ap/NOK