Nokia, the world's leading cellphone maker, posted first quarter
results Thursday that missed analyst forecasts, sending its share price
tumbling.
Nokia shares closed with a loss of 13.51 per cent at
18.12 euros, their lowest level in a year, on the Helsinki stock
exchange in Finland.
Net profit for the January-March period rose
25 per cent to $1.96 billion from the same quarter a year ago, the
company said. Sales during the quarter jumped 28 per cent, which fell
short of expectations of 12.74 billion euros, according to analysts.
