Nokia Q2 net loss deepens four-fold to 1.41B euros | Inquirer Business
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Nokia Q2 net loss deepens four-fold to 1.41B euros

/ 06:33 PM July 19, 2012

The Nokia offices in Salo, Finland. Nokia Corp. will lay off 10,000 jobs globally and close plants by the end of 2013. AP/LEHTIKUVA, JUSSI NUKARI

HELSINKI—Nokia posted a deep second-quarter net loss Thursday of 1.41 billion euros ($1.74 billion), four times more than during the same period a year earlier and more than double the loss expected by analysts.

The Finnish company, which is struggling with an extensive restructuring, acknowledged that the three-month period, which also saw sales plunge by 19 percent year on year, had been “a difficult quarter.”

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TAGS: company, Earnings, equip, executive, Finland, Nokia, telecom
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