Nokia dials up razor-thin operating profit despite sales slump

Release Date 20 Oct, 2011 in The Guardian

Nokia registers $151 mn loss in Q3; handset sales slide Zee News - 20 Oct, 2011 Helsinki/New Delhi: Nokia on Thursday reported a net loss of 151 million euros for the three months ended September 30, as a slump in sales of handsets and smart devices took a toll on the company. The world's largest cell phone maker, ...
Cheaper Phones Cushion Nokia's Bottom Line Forbes - 20 Oct, 2011 I've covered European business and technology news for Forbes since 2006, and as London bureau chief since 2008. I'm using this blog to explore some of the disruptive technology and ideas coming out of this region. Before all this I tracked the highs ...
Nokia Loss Not As Bad As Feared NPR - 20 Oct, 2011 by AP HELSINKI (AP) �" Nokia Corp. on Thursday reported a third-quarter net loss of euro68 million ($94 million), as smartphone sales plunged 39 percent amid tight competition, but the figure was better than investors feared and shares in the company ...
Nokia posts surprise Q3 profit Times of India - 20 Oct, 2011 AP \| Oct 20, 2011, 04.43PM IST HELSINKI: Nokia Corp has reported a third-quarter net loss of (euro) 68 million ($94 million), as smartphone sales plunged 39 percent amid tight competition, but the figure was better than investors feared and shares in ...
Nokia's surprise profit lifts hopes worst is over Toronto Star - 20 Oct, 2011 The world's largest cellphone maker Nokia reported a smaller than expected fall in third-quarter profits as price cuts and new models lifted sales of its basic cellphones in key markets like India. AP Photo/Vadim Ghirda, File HELSINKI�"The world's ...
Nokia Up 8%: Surprise Q3 Profit On Surge In Mobile Units Barron's (blog) - Tiernan Ray - 20 Oct, 2011 Shares of Nokia (NOK) were up 50 cents, or 8%, at $6.62, and were as 10% earlier, in pre-market trading after the company this morning reported Q3 revenue and a surprise profit, boosted by a much-bigger-than-expected jump in mobile ...
Nokia boosted by sales of cheap handsets Financial Times - 20 Oct, 2011 By FT reporters Nokia's declining share of the smartphone market continued to weigh on its third-quarter revenues and operating profits in spite of an upturn in sales among its cheaper ranges. The Finnish handset maker reported better than expected ...
	Basic phones lift Nokia to surprise profit Reuters - Bob Strong, Terhi Kinnunen - 20 Oct, 2011 A corporate logo is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. By Tarmo Virki, European Technology Correspondent HELSINKI (Reuters) - The world's largest cellphone maker Nokia reported a smaller than ...
Basic phones lift Nokia to surprise Q3 profit Reuters India - Tarmo Virki, Sophie Walker - 20 Oct, 2011 A customer talks with a sales representative at the Nokia flagship store in Helsinki September 29, 2010. By Tarmo Virki HELSINKI (Reuters) - The world's largest cellphone maker Nokia reported a smaller than expected fall in third quarter profits as ...
Nokia Reports Smaller Loss as Handset Sales Beat Estimates BusinessWeek - Diana ben-Aaron - 20 Oct, 2011 Oct. 20 (Bloomberg) -- Nokia Oyj reported a smaller-than- estimated loss and forecast a profitable quarter for the handset business as the Finnish manufacturer prepares to introduce models based on Microsoft Corp.'s software. ...
Nokia loss not as bad as feared CanadianBusiness.com - 20 Oct, 2011 Topics AP By AP \| October 20, 2011 HELSINKI (AP) �" Nokia Corp. on Thursday reported a third-quarter net loss of euro68 million ($94 million), as smartphone sales plunged 39 percent amid tight competition, but the figure was better than investors feared ...
Nokia's Lazarus Moment Wall Street Journal (blog) - Ian Edmondson - 20 Oct, 2011 Just when it looked like its life-support system was about to be switched off, Nokia's has a Lazarus moment and its punch-drunk shares spring back to life. Down by 45% since the now-infamous “Burning Platform” memo from CEO Stephen ...
Nokia Reports Smaller Loss as Handset Sales Beat Estimates San Francisco Chronicle - Diana ben-Aaron - 20 Oct, 2011 Oct. 20 (Bloomberg) -- Nokia Oyj reported a smaller-than- estimated loss and forecast the handset business to be profitable this quarter as the Finnish manufacturer introduces models based on Microsoft Corp.'s software. The third-quarter net loss was ...
Nokia still in the red in Q3 sales bloodbath Register - Kelly Fiveash - 20 Oct, 2011 Microsoft newlywed Nokia stayed in the red with an operating loss of €71m (£62m) in its third quarter ended 30 September 2011. That's a smaller figure than the company's Q2, when Nokia lost a gigantic €487m ...
	Nokia dials up razor-thin operating profit despite sales slump The Guardian - 20 Oct, 2011 A customer tests a Nokia mobile phone at its flagship store in Helsinki, Finland. Photograph: Lehtikuva OY / Rex Features Nokia has surprised the market by unveiling a razor-thin 2% operating profit on its mobile phone business, making €132m on sales ...
	Basic phones lift Nokia to surprise Q3 profit Reuters UK - Tarmo Virki, Sophie Walker - 20 Oct, 2011 HELSINKI (Reuters) - The world's largest cellphone maker Nokia reported a smaller than expected fall in third quarter profits as price cuts and new models lifted sales of its basic cellphones in key markets like India. ...
	Nokia posts loss but beats expectations AFP - 20 Oct, 2011 HELSINKI �" Finland's Nokia, struggling to maintain its place as the world's top mobile phone maker, on Thursday posted a third quarter loss of 68 million euros ($94 million dollars), far smaller than analyst expectations. The company saw its share ...
Nokia's Price War Was Surprisingly Effective Forbes - 20 Oct, 2011 Nokia's handset ASP tumbled to 51 euros in 3Q11 from 62 euros in 2Q11 �" a massive average sales price decline to a level that is pretty amazingly low. But as a result, Nokia's phone volumes soared by a shocking 20% between 2Q11 and 3Q11 �" a very ...
Nokia Posts 3Q Net Loss As Handset Sales Drop 25% On Year Fox Business - Arild Moen - 20 Oct, 2011 Finland's Nokia Corp. (NOK), the world's largest mobile phone maker by volume, Thursday posted its second net loss in succession as handset sales slumped 25% on year. The company posted a group net loss of EUR68 million for the third ...
Nokia posts third-quarter loss Ninemsn - Susan Hely - 20 Oct, 2011 Tax Time 2011Doing your tax doesn't need to be daunting! Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. Nokia Corp. has announced a third-quarter net loss of 68 million euros ($A92 million) ...
Instant view: Nokia posts surprise Q3 profit Reuters - Terhi Kinnunen, Paul Sandle - 20 Oct, 2011 HELSINKI (Reuters) - Nokia reported a smaller than expected fall in third quarter profits on Thursday, boosted by strong sales of simple cell phone models. Nokia reported third quarter underlying earnings per share of 0.03 euros, compared with a loss ...
Mobile firm Nokia suffers £59m loss The Press Association - 20 Oct, 2011 Mobile phone maker Nokia has announced a third-quarter net loss of 68 million euro (£59 million) compared with a profit of 529 million euro (£462 million) a year earlier. Sales of smartphones plunged 39% and overall revenue dipped 13%. ...
Nokia Q3 2011 net sales EUR 9.0 billion, non-IFRS EPS EUR 0.03 (reported EPS ... MarketWatch (press release) - 20 Oct, 2011 This is a summary of the third quarter 2011 interim report published today. The complete third quarter 2011 interim report with tables is available at http://www.nokia.com/results/Nokia_results2011Q3e.pdf . Investors should not rely on summaries of our ...
NOKIA ANNOUNCES NET LOSS OF 68 MLN EURO IN Q3 Agenzia Giornalistica Italia - 20 Oct, 2011 (AGI) Helsinki - The Finnish mobile giant Nokia announced a net loss of 68 million euro in Q3, less than the expected 229 million. Underlying profit was 1 cent per share, against an expected loss of a cent and one of 14 cents a year ago. ...
	Nokia Remains in the Red Wall Street Journal - Arild Moen - 20 Oct, 2011 Finland's Nokia Corp. Thursday posted its second net loss in succession as handset sales slumped 25% on year. Nokia, the world's largest mobile phone maker by volume, reported a group net loss of €68 million ($93.6 million) for the third ...
	Nokia swings to loss in quarter BBC News - 20 Oct, 2011 Mobile phone giant Nokia has said it made a loss in the third quarter as it continued to come under pressure from other phonemakers. It swung to a net loss of 151m euros (£132m) in the three months to September, from a 322m-euro profit in the same ...
	Nokia Reports Smaller Loss as Sales Beat Estimates Bloomberg - Diana ben-Aaron - 20 Oct, 2011 A Vertu yellow gold Signature mobile handset is seen during assembly at Nokia Oyj's Vertu luxury phone division in Church Crookham, UK Nokia's stock has slumped 46 percent in the eight months. ...
	Nokia smartphone recovery in focus after weak Q3 Reuters - Bob Strong, Tarmo Virki - 20 Oct, 2011 A corporate logo is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. By Tarmo Virki, European Technology Correspondent HELSINKI (Reuters) - Nokia is expected to report a rare loss for the third quarter as the ...
Nokia smartphone recovery in focus after weak Q3 Reuters Canada - Tarmo Virki - 20 Oct, 2011 HELSINKI (Reuters) - Nokia is expected to report a rare loss for the third quarter as the struggling Finnish cellphone giant prepares to launch its first Windows phones next week. ...
Nokia expecting further fall in Q3 BusinessWeek - Matti Huuhtanen - ‎Oct 19, 2011‎ Nokia Corp. is expected to report further slides in profits, revenue and market share on Thursday, as it struggles against fierce competition in the smartphone sector, which it hopes to enter with rejuvenated force with the new ...