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UPDATE: Nokia Posts Q4 Profit

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Nokia (NYSE: NOK) posted a profit in the fourth quarter.

Nokia posted a quarterly profit of 0.05 euros per share, versus a year-ago loss of 0.29 euros per share. However, analysts were expecting earnings of 0.02 euros per share.

It posted an operating profit of 439 million euros, versus a year-ago loss of 954 million euros. Nokia's sales fell 20% to 8.041 billion euros, missing analysts' estimates of 8.077 billion euros.

Nokia shares closed at $4.64 yesterday.

Posted-In: profitEarnings News

 

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