Corp. swung to a second successive net loss in the third quarter, but reported better-than-expected results thanks to higher sales of its low-end cell phones.
The company’s American depositary shares jumped over 8%, as results highlighted an increase in shipments of its cheaper feature phones owing to strong sales of dual-SIM handsets, which allow users to have multiple phone numbers. Nokia shipped 89.8 million feature phones in the quarter, up 8% from a year earlier.
The world’s largest cell-phone company by volume posted a net loss of €68 million ($93.6 million), beating Wall Street expectations of a €321 million loss. Sales dropped 13% to €8.98 billion.
“It’s important to emphasize we are on a journey during which we are systematically transforming our company for long term success,” Chief Executive Stephen Elop said in a call with analysts. “In [the third quarter] we started to see signs of early progress.”
In trading on the New York Stock Exchange, American depositary shares of Nokia rose 8.5% to $6.65.
You can proceed the tail quickly, slowly, or drastically more in the direction of the left or precise should you desire to turn. In that you simply can see people nowadays swimmingAir Swimmers Sharkin doom rooms, by making use of the mall. among the coolest gadgets near to and amazing gratifying for loved kinds get togethers, workplace laughs, and children parties. you could be astonished pondering you have entered a electronic aquarium!
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