ESPOO, Finland (AP) – Nokia Corp. (NOK) reported a fourth-quarter lack of $ three.1 billion on Thursday, after reporting earnings in the identical interval a yr earlier.
On a per share foundation, the Espoo, Finland-based firm stated it had a lack of 55 cents. Earnings, adjusted for earnings and one-time prices, got here to 17 cents per share.
The outcomes exceeded Wall Road expectations. The common estimate from 4 analysts surveyed by Zacks Funding Analysis was earnings of 12 cents a share.
The expertise firm posted income of $ 7.83 billion within the interval.
For the yr, the corporate reported a lack of $ 2.78 billion, or 49 cents per share, ranging to a loss for the interval. Income was reported as $ 24.98 billion.
The corporate’s shares closed at $ four.70. A yr in the past, they have been buying and selling at $ three.88.
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