Lots Of Pain, No Gain: Nokia Reports $4B Drop In Q1 Sales To $9.7B, Blames Restructuring, Competition

Nokia warned us last week that it would be reporting some worse-than-expected numbers, and here they are: sales down by $4 billion (?3.4 billion) to $9.7 billion (?7.4 billion), with a corresponding fall in earnings per share, down by a quarter of a euro and now at a loss per share of just over $0.10 (?0.08).

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