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Nokia Corporation Message Board

  • menghiinox menghiinox Jun 11, 2002 6:05 AM Flag

    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

    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.

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