Nokia Cuts 2009 View After Grim Q4 Report; Stock Slides

Iria · Jan 22, 2009, 03:48 PM

Nokia this morning reported a dismal Q4 - and forecast more grim days ahead. The world’s largest handset maker posted sales of 12.67 billion Euros, down 19.5% from 15.7 billion a year ago. Revenue was up 3% sequentially. On a constant currency basis, revenue was down 18% versus a year ago, and up 1% sequentially.
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Source: Tech Trader Daily

Jan 22, 2009, 03:48 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Nokia Cuts 2009 View After Grim Q4 Report; Stock Slides Nokia this morning reported a dismal Q4 - and forecast more grim days ahead. The world’s largest handset maker posted sales of 12.67 billion Euros, down 19.5% from 15.7 billion a year ago. Revenue was up 3% sequentially. On a constant currency basis, revenue was down 18% versus a year ago, and up 1% sequentially. ____________ Source: Tech Trader Daily