Though its first-quarter profits were down, Nokia managed to beat expectations, but the company is looking at a bumpy road in the current quarter.
Earnings for the quarter ended March 31 fell to 344 million euros ($502 million) from 349 million euros in the prior year's quarter. Sales climbed 9 percent to 10.4 billion euros from 9.52 billion euros a year ago. Both results managed to exceed the forecasts of analysts, who were calling for earnings of 287 million euros and sales of 10.11 billion euros, according to the Wall Street Journal (subscription required).
Nokia also … Read more