Nokia (NOK) misses the estimates of analysts by a wide margin with its Q1 results as losses mount on top of widening negative margins. The company says it shipped 23.8% fewer devices during the period than a year ago and warns that margins in Q2 for its large Devices & Services unit will stay around -5% in Q2.
$NOK has hit a 52-week low of $3.71 and 52-week high of $9.42 http://bit.ly/IE7zCc
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Nokia (NOK) misses the estimates of analysts by a wide margin with its Q1 results as losses mount on top of widening negative margins. The company says it shipped 23.8% fewer devices during the period than a year ago and warns that margins in Q2 for its large Devices & Services unit will stay around -5% in Q2.
$NOK has hit a 52-week low of $3.71 and 52-week high of $9.42 http://bit.ly/IE7zCc