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Nokia: 1Q Earnings Snapshot

Nokia: 1Q Earnings Snapshot

Associated Press

ESPOO, Finland (AP) _ Nokia Corp. (NOK) on Thursday reported a loss of $506.5 million in its first quarter.

The Espoo, Finland-based company said it had a loss of 9 cents per share. Losses, adjusted for amortization costs and restructuring costs, came to 2 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The technology company posted revenue of $5.71 billion in the period.

Nokia shares have fallen 0.5 percent since the beginning of the year. The stock has fallen slightly more than 2 percent in the last 12 months.

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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