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Nokia: 2Q Earnings Snapshot

July 25, 2019

ESPOO, Finland (AP) _ Nokia Corp. (NOK) on Thursday reported a loss of $217 million in its second quarter.

The Espoo, Finland-based company said it had a loss of 3 cents per share. Earnings, adjusted for restructuring costs and amortization costs, came to 6 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The technology company posted revenue of $6.4 billion in the period.

Nokia shares have dropped 11% since the beginning of the year. The stock has dropped 12% in the last 12 months.

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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

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