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Posts Tagged ‘Nokia’

HELSINKI (AP) — Nokia reported Tuesday a third-quarter net loss as sales at the handsets unit it is selling to Microsoft continued to plunge. But the company gave a positive outlook on its continuing operations, including networks, causing the share price to rise.

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Just in time for the sale of its handset division to Microsoft, Nokia has posted yet another net loss in its third-quarter earnings report released Tuesday. Nokia, which has reported net losses in 9 of the past 10 quarters, posted a $0.02 loss per share on revenue totaling $7.79 billion. Although Nokia’s $125.58 million net loss […]

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HELSINKI (Reuters) – Nokia gave an upbeat forecast for its telecom equipment unit Nokia Solutions and Networks (NSN), giving hope for a pickup in what will be the Finnish company’s main business after the sale of its phones division to Microsoft. Shares in Nokia rose 6 percent after the company forecast NSN’s profit margin would […]

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