Pretax income, sales down from year earlier for world's No. 1 mobile phone maker.
April 16, 2004: 6:17 AM EDT
HELSINKI, Finland (Reuters) - Top mobile phone maker Nokia warned Friday that second-quarter earnings would fall and sales could also drop as it continues to struggle with a patchy handset portfolio and fierce competition.
Nokia said second-quarter earnings per share (EPS) would be 0.13-0.15, below the net figure of some 0.19 a year ago and below all expectations in a Reuters poll that called for an EPS of 0.18.
The outlook confirms analysts' fears that Nokia, which makes more than one in three handsets sold globally, could lose more market share to rivals like U.S. Motorola and Korea's Samsung Electronics, which earlier Friday posted record earnings.
The Finnish firm posted January-March EPS of 0.17, above the net 0.16 a year earlier that included a one-time charge and in line with a warning from April 6 that spooked investors as Nokia admitted it could not grow its profits quickly despite a booming market.
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