NOK MISSES SALES ESTS: $8 this week
Nokia's Q2 profit outlook meets expectations, sales to decrease
Jun 11, 2002 (NORDIC BUSINESS REPORT) -- The Finnish telecomms
equipment maker Nokia Corporation announced today (11 June) an outlook of the
company's second-quarter financial performance.
The total net sales were expected to decrease by 2-6% from the second quarter of
last year.
Mobile phone sales were expected to increase by 0-4% as compared to the
previously estimated 5-10% growth.
The infrastructure sales of Nokia Networks were to decrease more than expected -
by 20-25% instead of 5-10% - compared to the corresponding period a year
earlier.
Nokia's market share in mobile phones was to increase to approximately 38%
during the quarter.
Earnings per share (pro forma) were estimated to total between EUR0.18 and
EUR0.20, compared to EUR0.17 a year ago.