Nokia Q1 loss widensChristian Fernsby ▼ |
Nokia Adjusted loss for the period was 116 million euros or 0.02 euro per share
Nokia reported Thursday that its first-quarter net loss widened to 442 million euros from last year's loss of 354 million euros. Loss per share were 0.08 euro, compared to loss of 0.06 euro a year ago.
Operating loss was 524 million euros, wider than the previous year.
Reported net sales in the first quarter were 5.03 billion euros, 2 percent higher than last year's 4.92 billion euros. Adjusted net sales were 5.1 billion euros. On a constant currency basis, reported net sales decreased 2% and non-IFRS net sales decreased 1%.
Further, the company maintained its full year guidance for 2019 and 2020. The company still projects 2019 non-IFRS earnings per share in a range of 0.25 euros to 0.29 euros and 2020 non-IFRS earnings per share in the range of 0.37 euros to 0.42 euros.
Non-IFRS operating margin is expected to be 9 percent to 12 percent for 2019 and 12 percent to 16 percent for 2020. ■
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