ESPOO, Finland (AP) — ESPOO, Finland (AP) — Nokia Corp. (NOK) on Thursday reported a loss of $157.2 million in its second quarter.
On a per-share basis, the Espoo, Finland-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The technology company posted revenue of $4.81 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $5.12 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOK at https://www.zacks.com/ap/NOK
